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Video: What is a Stock Split?
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ACRES Commercial Realty is a real estate investment trust. Co. is primarily focused on originating, holding and managing commercial real estate (CRE) mortgage loans and equity investments in CRE properties through direct ownership and joint ventures. Co. is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp. Co.'s CRE credit investments include: floating-rate first mortgage loans; first priority interests in first mortgage loans; subordinated interests in first mortgage loans; preferred equity investments related to CRE that are subordinate to first mortgage loans and are not collateralized by the property underlying the investment; and CRE equity investments. According to our ACR split history records, ACRES Commercial Realty has had 1 split. | |
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ACRES Commercial Realty (ACR) has 1 split in our ACR split history database. The split for ACR took place on February 17, 2021. This was a 1 for 3 reverse split, meaning for each 3 shares of ACR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as ACRES Commercial Realty conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ACR split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ACRES Commercial Realty shares, starting with a $10,000 purchase of ACR, presented on a split-history-adjusted basis factoring in the complete ACR split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/17/2024 |
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Start price/share: |
$16.53 |
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End price/share: |
$13.66 |
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Starting shares: |
604.96 |
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Ending shares: |
1,026.75 |
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Dividends reinvested/share: |
$14.75 |
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Total return: |
40.25% |
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Average Annual Total Return: |
3.44% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,021.83 |
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Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/17/2024 |
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Start price/share: |
$16.53 |
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End price/share: |
$13.66 |
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Dividends collected/share: |
$14.75 |
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Total return: |
71.84% |
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Average Annual Total Return: |
5.57% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$17,190.01 |
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Years: |
9.99 |
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Date |
Ratio |
02/17/2021 | 1 for 3 |
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