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Eagle Point Credit Management LLC, a ten percent owner in ACRES Commercial Realty Corp (NASDAQ:ACR), a $149 million market cap company currently trading at $21 per share, reported selling 7.875% Series D Preferred Stock in three separate transactions. The sales occurred between August 28, 2025, and September 2, 2025, with prices ranging from $22.35 to $22.52. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value estimates.
On August 28, 323 shares were sold at $22.35 per share. On August 29, 658 shares were sold, with prices ranging from $22.40 to $22.63. Lastly, on September 2, 100 shares were sold at $22.35 per share. The total value of shares sold is $24,272. The stock has shown strong performance this year, with a 30% year-to-date return despite volatile price movements.
Following these transactions, Eagle Point Credit Management LLC still indirectly owns 794,985 shares of 7.875% Series D Preferred Stock. They also indirectly own 1,177,060 shares of Common Stock, $0.001 par value and 393,646 shares of 8.625% Series C Preferred Stock. Get more insights about ACR’s valuation and 8 additional exclusive tips with InvestingPro.
In other recent news, Acres Commercial Realty reported its second-quarter 2025 earnings, which showed a significant shortfall in earnings per share (EPS) compared to market expectations. The company posted an EPS of -$0.10, which was well below the projected $0.18, marking a negative surprise of 155.56%. Despite this earnings miss, JMP Securities reiterated its Market Outperform rating for Acres Commercial Realty, maintaining a price target of $22.00. This target suggests a potential upside of about 15% from current levels and values the company at 0.79 times its current book value. These developments highlight the mixed signals investors are receiving, with analyst firms like JMP Securities expressing continued confidence despite recent earnings results.
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