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Eagle Point Credit Management LLC, a significant stakeholder in ACRES Commercial Realty Corp. (NYSE:ACR), reported the sale of 1,172 shares of the company’s 7.875% Series D Preferred Stock. The transaction, which took place on March 28, 2025, was executed at a price of $22.48 per share, amounting to a total sale value of $26,346. The stock has shown remarkable strength, delivering a 54% return over the past year and 38% over the last six months, with the current share price at $21.28.
Following this transaction, Eagle Point Credit Management retains ownership of 859,525 shares of the Series D Preferred Stock. The shares are held indirectly by certain private investment funds and accounts managed by Eagle Point Credit Management, with Eagle Point DIF GP I LLC serving as the general partner to these accounts. According to InvestingPro analysis, ACR appears undervalued, with a notably low Price/Book ratio of 0.33 and strong liquidity metrics. InvestingPro subscribers have access to 8 additional key insights about ACR’s valuation and growth potential.
The filing highlights that both Eagle Point Credit Management and Eagle Point DIF GP I LLC could be considered to have an indirect pecuniary interest in the securities, though they disclaim beneficial ownership of the reported shares.
In other recent news, Acres Commercial Realty reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.52, compared to the forecast of $0.36. However, the company’s revenue slightly missed projections, coming in at $21.43 million against an anticipated $21.96 million. The company has also reduced its debt-to-equity leverage ratio and increased its book value per share, reflecting a solid financial position. In terms of strategic initiatives, Acres Commercial Realty is focusing on high-quality investments and proactive asset management, with plans to grow its portfolio to $1.8-$2.0 billion by year-end. Analyst firms have not reported any recent upgrades or downgrades for the company. The company aims to achieve mid-teens return on equity (ROE) and expects an EPS of $1.93 for FY2025. Additionally, the company is actively working on monetizing real estate investments and plans to reinvest the capital into its commercial real estate loan portfolio.
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