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Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, both significant stakeholders in ACRES Commercial Realty Corp. (NYSE:ACR), have reported a series of stock sales. The timing is notable as ACR trades near its 52-week high of $23.81, having delivered an impressive 93.76% return over the past year. According to the recent SEC filing, the firms sold a total of 14,691 shares of ACRES’ stock over two days, with transactions taking place on March 17 and 18, 2025.
The sales included 3,180 shares of the 7.875% Series D Preferred Stock on March 17 at an average price of $22.47 per share. The following day, an additional 2,500 shares of the same stock were sold at $22.48 per share. Furthermore, 9,011 shares of Common Stock were sold on March 18 at an average price of $23.70 per share. These transactions amounted to a total value of $341,215, with prices ranging from $22.47 to $23.70 per share. The stock currently trades at a notably low Price-to-Book ratio of 0.38, suggesting potential undervaluation according to InvestingPro metrics.
Following these transactions, Eagle Point’s holdings in ACRES Commercial Realty have been adjusted accordingly, with 871,542 shares of the 7.875% Series D Preferred Stock and 1,182,296 shares of Common Stock remaining in their portfolio. InvestingPro analysis reveals 13 additional investment tips for ACR, available to subscribers along with comprehensive valuation metrics and expert insights.
In other recent news, Acres Commercial Realty Corp reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.52, compared to the forecast of $0.36. However, the company’s revenue fell slightly short of projections, coming in at $21.43 million against an anticipated $21.96 million. The company also reported a significant increase in GAAP net income to $4.1 million, translating to $0.52 per diluted share. Despite the earnings beat, the stock experienced a minor decline of 0.05% in after-hours trading. Acres Commercial Realty has reduced its debt-to-equity leverage ratio and increased its book value per share, reflecting improved financial health. Additionally, the company demonstrated strong performance in its student housing developments, reporting high occupancy rates. Looking forward, Acres Commercial Realty aims to grow its portfolio to $1.8-$2.0 billion by year-end and is focusing on multifamily, hospitality, and self-storage sectors. The company’s strategic focus on high-quality investments and proactive asset management contributed to these results, as noted by Chairman Andrew Fentress and CEO Mark Vogel.
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