BofA update shows where active managers are putting money
Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, both identified as ten percent owners of ACRES Commercial Realty Corp. NASDAQ:ACR, reported selling shares of the company’s 7.875% Series D Preferred Stock. The $131 million market cap company, currently trading at $19.29, has shown strong performance with a 19.44% return year-to-date.
On July 30, 2025, a total of 1,727 shares were sold at a price of $22.2, and on July 31, 2025, 13,008 shares were sold at prices ranging from $22.24 to $22.35. The combined sales amounted to $328,417. According to InvestingPro data, ACR’s stock has shown significant price volatility, with additional insights available through their comprehensive analysis tools.
Following these transactions, the entities still indirectly hold 804,974 shares of 7.875% Series D Preferred Stock, 1,177,060 shares of Common Stock, $0.001 par value, and 393,646 shares of 8.625% Series C Preferred Stock. The company maintains strong liquidity with a current ratio of 71.76, and trades at an attractive Price/Book multiple of 0.31.
In other recent news, Acres Commercial Realty Corp reported its second-quarter 2025 earnings, which fell short of market expectations. The company posted an earnings per share (EPS) of -$0.10, significantly below the anticipated $0.18, marking a negative surprise of 155.56%. Despite the earnings miss, JMP Securities has maintained its Market Outperform rating for Acres Commercial Realty, with a price target of $22.00. This target suggests a potential upside of about 15% from current levels, valuing the company at 0.79 times its current book value. These developments highlight the mixed outlook for Acres Commercial Realty, as the company navigates through its financial challenges.
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