Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, recognized as 10% owners of ACRES Commercial Realty Corp. (NASDAQ: ACR), have disclosed a series of transactions involving the sale of the company's preferred stock. The total value of these divestments reached $61,551. The sales were executed across a concentrated window between June 10 and June 12, 2026. During this period, the shares changed hands at prices ranging from $22.55 to $25.47 per share.
The initial transaction occurred on June 10, when Eagle Point sold 1,521 shares of the 7.875% Series D Preferred Stock. The execution price for this block was $22.55 per share. On that same date, a smaller transaction involved the sale of 6 shares of the 8.625% Series C Preferred Stock at a price of $25.47 per share. Subsequent activity continued into the following days. On June 11, the entities sold an additional 215 shares of the 8.625% Series C Preferred Stock, again at $25.47 per share. The final reported transaction took place on June 12, with the sale of 849 shares of the same Series C preferred stock, also priced at $25.47 per share.
Following these divestments, the indirect holdings of Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC remain significant. They continue to hold 735,576 shares of the 7.875% Series D Preferred Stock and 343,036 shares of the 8.625% Series C Preferred Stock. Additionally, these entities maintain an indirect position in 1,177,060 shares of ACRES Commercial Realty's common stock. The reporting parties clarified that the securities involved in these transactions are directly held by certain private investment funds and or accounts managed by Eagle Point Credit Management LLC. Eagle Point DIF GP I LLC serves as the general partner to some of these accounts. While they acknowledge an indirect pecuniary interest in the reported securities, both entities explicitly disclaim beneficial ownership.
These sales unfold as ACRES Commercial Realty's common stock trades at $17.99. This price point represents a 24% decline over the past six months and places the stock near its 52-week low of $17.06. Despite the recent price weakness, InvestingPro analysis suggests the stock may be undervalued based on its Fair Value assessment. A notably low PEG ratio of 0.22 indicates attractive growth potential relative to its earnings multiple.
The context for these insider transactions includes a difficult first quarter for the commercial real estate lender. Acres Commercial Realty Corp reported earnings per share of $0.07 for the first quarter of 2026. This figure was significantly lower than the analyst forecast of $0.1706, resulting in a 58.97% negative surprise. Revenue also fell short of expectations, coming in at $19.5 million compared to the anticipated $20.92 million, a 6.79% shortfall. These results indicate a challenging quarter for Acres Commercial Realty, as both earnings and revenue did not meet analyst projections. Despite these misses, the company's stock experienced a minor pre-market increase. Investors and analysts may be closely monitoring the company's future performance following these recent developments.