Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Eagle Point Credit Management LLC, a ten percent owner of ACRES Commercial Realty Corp (NYSE:ACR), reported selling 199 shares of the company’s 7.875% Series D Preferred Stock on July 16, 2025. The shares were sold at a price of $22.18, for a total transaction value of $4413.
Following the transaction, Eagle Point Credit Management LLC continues to indirectly hold 834893 shares of ACRES Commercial Realty Corp’s 7.875% Series D Preferred Stock, as well as 1177060 shares of Common Stock, $0.001 par value and 393646 shares of 8.625% Series C Preferred Stock. The company, with a market capitalization of $120.7 million, maintains strong liquidity with a current ratio of 71.76.
Eagle Point Credit Management LLC ("EPCM") manages certain private investment funds. Eagle Point DIF GP I LLC serves as general partner to certain accounts. The filing disclaims beneficial ownership of the reported securities. For deeper insights into ACR’s financial health and valuation metrics, investors can access comprehensive analysis through InvestingPro, which offers detailed research reports and real-time market data.
In other recent news, Acres Commercial Realty reported a challenging first quarter of 2025, with financial results falling below analyst expectations. The company experienced a net loss of $5.9 million, translating to an earnings per share (EPS) loss of $0.80, significantly below the forecasted EPS of $0.33. Revenue also missed expectations, coming in at $17 million against a projected $21.84 million. Despite these setbacks, Acres Commercial Realty secured a new $940 million financing facility with JPMorgan, which includes a two-year reinvestment period. JMP Securities maintained its Market Outperform rating for Acres Commercial Realty, with a price target of $22.00, highlighting potential long-term price appreciation due to tax loss carryforwards. The company’s GAAP book value per share decreased slightly to $28.50, although a common stock repurchase during the quarter contributed positively to the book value. Acres Commercial Realty plans to grow its portfolio by $300-500 million by year-end, reflecting optimism about future growth opportunities. The management expressed confidence in the investment landscape, emphasizing a strong deal pipeline and active quoting of new deals.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.