U.S. stocks edge higher; solid earnings season continues
Eagle Point Credit Management LLC, a ten percent owner in ACRES Commercial Realty Corp NASDAQ:ACR - a commercial real estate investment firm currently trading at $19.29 with a market cap of $131.21M - reported selling 14,735 shares of the company’s 7.875% Series D Preferred Stock on July 30 and 31. The sales, executed in multiple transactions, fetched prices ranging from $22.2 to $22.35 per share, resulting in a total value of $328,417.
On July 30, Eagle Point sold 1,727 shares at $22.2 per share. Followed by a sale of 13,008 shares on July 31 at a weighted average price of $22.3, with prices ranging from $22.24 to $22.35.
According to InvestingPro analysis, ACR shows strong liquidity with a current ratio of 71.76. Following these transactions, Eagle Point continues to 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. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis for smarter investment decisions.
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 projected $0.18, resulting in a negative surprise of 155.56%. Despite this earnings miss, JMP Securities 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 reactions from analysts, with JMP Securities showing continued confidence in the company’s prospects despite the earnings shortfall.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.