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Eagle Point Credit Management LLC, a ten-percent owner of ACRES Commercial Realty Corp NASDAQ:ACR, reported selling 15,184 shares of the company’s 7.875% Series D Preferred Stock on July 22 and 23. The sales, which totaled $338,605, were executed in a price range of $22.30 to $22.32 per share. According to InvestingPro data, ACR’s stock has shown significant momentum with a 7.74% return over the past week, though price movements remain volatile.
Specifically, on July 22, 15,084 shares were sold at a weighted average price of $22.30. On July 23, an additional 100 shares were sold at $22.32 per share. Following these transactions, Eagle Point Credit Management LLC directly holds 819,709 shares of 7.875% Series D Preferred Stock. With ACR’s market capitalization at $130.26 million and its next earnings report due in 5 days, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
Eagle Point DIF GP I LLC also reported that it continues to hold 1,177,060 shares of Common Stock, $0.001 par value and 393,646 shares of 8.625% Series C Preferred Stock. The company currently trades at a notably low Price/Book ratio of 0.3, suggesting potential undervaluation based on book value metrics.
In other recent news, Acres Commercial Realty reported disappointing financial results for the first quarter of 2025. The company experienced a GAAP loss of $0.80 per share, which was significantly below the forecasted earnings per share of $0.33. Revenue also fell short of expectations, totaling $17 million compared to the anticipated $21.84 million. The reported losses included a $700,000 realized loss from the sale of a loan backed by a hotel property and a $1.5 million acceleration of unamortized debt costs due to the redemption of two collateralized loan obligations. Additionally, a decrease in net interest income contributed to the earnings shortfall, attributed to lower SOFR rates and a reduced loan portfolio. Despite these challenges, JMP Securities maintained a Market Outperform rating and a $22.00 price target on Acres Commercial Realty. The firm noted the company’s potential despite the recent financial setbacks. These developments highlight the ongoing challenges and considerations for investors monitoring Acres Commercial Realty.
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