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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 company, currently valued at $120.5 million, has shown volatile trading patterns according to InvestingPro data, with shares trading at $17.65. The sales, which occurred on July 7 and July 8, 2025, involved a total of 273 shares on July 7 and 1,676 shares on July 8, all at a price of $22.2 per share.
The total value of the shares sold amounted to $43,267. Following these transactions, the entities still indirectly hold 841,252 shares of ACRES Commercial Realty Corp’s 7.875% Series D Preferred Stock.
Additionally, the report indicates indirect ownership of 1,177,060 shares of Common Stock, $0.001 par value and 393,646 shares of 8.625% Series C Preferred Stock. Trading at a low Price/Book multiple of 0.28, the stock shows interesting valuation metrics. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the full company report on InvestingPro, where 8 additional exclusive tips await.
In other recent news, Acres Commercial Realty Corp reported a challenging first quarter of 2025, with earnings and revenue falling short of expectations. The company announced a net loss of $5.9 million, translating to an earnings per share (EPS) loss of $0.80, significantly below the forecasted EPS of $0.33. Revenue for the quarter was $17 million, missing the anticipated $21.84 million. Despite these setbacks, Acres Commercial Realty secured a $940 million financing facility with JPMorgan, aiming to grow its portfolio by $300-500 million by year-end. JMP Securities maintained their Market Outperform rating for the company, with a $22 price target, highlighting the potential for long-term price appreciation due to the company’s tax loss utilization strategy. The company’s GAAP book value per share decreased to $28.50 from $28.87 at the end of December 2024. Analysts at JMP Securities plan to update their estimates after reviewing Acres Commercial Realty’s Form 10-Q. CEO Mark Vogel expressed optimism about the company’s growth prospects, citing a strong pipeline of deals despite market volatility.
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