Insider Selling: ACRES Commercial Realty Corp. (NYSE: ACR) Major Shareholder Sells 3,384 Shares of Stock

On March 26th, major shareholder Eagle Point Credit Management completed a transaction involving 3,384 shares of ACRES Commercial Realty Corp. (NYSE: ACR). The shares were sold at an average price of $22.48, resulting in a total transaction value of $76,072.32. After this sale, Eagle Point Credit Management now holds 861,523 shares in ACRES, which are currently valued at approximately $19,367,037.04. This recent transaction marks a 0.39% decrease in their stake in the company. The sale was officially recorded in a document submitted to the SEC, which can be found on the SEC's website.

Eagle Point Credit Management has executed several other transactions in the stock of ACRES Commercial Realty, including:

• On March 24th, 854 shares were sold at an average price of $22.45, totaling $19,172.30.
• On March 19th, 9,937 shares were sold at an average price of $23.08, with a total transaction of $229,345.96.
• On March 13th, 8,657 shares were sold at an average price of $22.47, amounting to $194,522.79.
• On January 30th, 811 shares were sold at an average price of $24.90, totaling $20,193.90.
• On January 22nd, 7,335 shares were sold at an average price of $22.40, equating to $164,304.00.
• On December 30th, 200 shares were sold at an average price of $25.20 for a total of $5,040.00.

ACRES Commercial Realty Price Analysis

As of Friday, ACRES Commercial Realty trading saw a decrease of $0.32, bringing the price down to $21.12. A total of 44,139 shares changed hands, surpassing the average volume of 21,471 shares. Over the past fifty days, the stock's moving average stands at $19.91, while the 200-day moving average is $17.49. The stock reached a fifty-two week low of $12.33 and a high of $23.81. Currently, ACRES has a market capitalization of $157.44 million, a debt-to-equity ratio of 3.33, and a P/E ratio of 25.14.

Recent Analyst Opinions

Analysts have recently made updates on ACRES Commercial Realty. JMP Securities has raised its price target to $22.00 while assigning a "buy" rating on March 7th. Additionally, Jones Trading reaffirmed a "hold" rating for shares of ACRES on March 13th.

Institutional Investors and Hedge Funds

Recent activity from hedge funds shows a trend of buying and selling shares of ACRES Commercial Realty. Notable actions include Raymond James Financial Inc. acquiring a new stake worth $829,000 in the fourth quarter, and Bank of New York Mellon Corp. buying a new position valued at $412,000 in the same period. Other hedge funds like Jane Street Group LLC and Connor Clark & Lunn Investment Management Ltd. also purchased stakes recently, reflecting increased interest from institutional investors, which currently own 40.03% of the stock.

About ACRES Commercial Realty

ACRES Commercial Realty Corp. operates as a real estate investment trust (REIT) specializing in originating, holding, and managing commercial real estate mortgage loans and equity investments throughout the United States. The firm invests in various commercial real estate-related assets, including floating-rate first mortgage loans and commercial mortgage-backed securities.

Insider, Selling, Shares