Eagle Point Credit sells $61,353 in Acres Commercial Realty stock

Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC recently divested a portion of their holdings in ACRES Commercial Realty Corp. (NYSE:ACR), a company that has shown remarkable strength with an 83% return over the past year and currently trades near its 52-week high of $20. According to InvestingPro analysis, the company maintains a GOOD financial health score. According to the latest SEC filings, the firms sold a total of 2,735 shares of the company’s 7.875% Series D Preferred Stock over two days, February 20 and February 21. The shares were sold at prices ranging from $22.40 to $22.46, amounting to a total transaction value of $61,353. Following these transactions, the firms continue to hold significant positions in ACRES Commercial Realty, including 886,196 shares of the Series D Preferred Stock, 393,646 shares of the 8.625% Series C Preferred Stock, and 1,191,307 shares of Common Stock. For deeper insights into ACR’s valuation and 10+ additional ProTips, explore the comprehensive research report available on InvestingPro.

In other recent news, Axaktor reported a significant increase in gross revenue for the fourth quarter of 2024, largely attributed to a portfolio sale in Spain. The company’s gross revenue rose from €85 million to €161 million year-over-year, despite a 4% decline in organic revenue. Cash EBITDA also saw a notable increase, jumping from €55 million to €130 million. However, the return on equity for 2024 was negative at -19%, highlighting ongoing profitability challenges. Axaktor plans to invest between €100 million and €200 million, with a focus on the lower end of this range. The company is also preparing to refinance its ACR03 bond in 2025. Analysts from Deutsche Bank (ETR:DBKGn) have inquired about the company’s potential for future revaluations and the stability of its collection performance. Despite these challenges, Axaktor maintains a strong financial position with an equity ratio of 26% and available liquidity exceeding €100 million.

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