Amundi Grows Holdings in Acadia Realty Trust $AKR

Amundi increased its position in shares of Acadia Realty Trust (NYSE:AKR) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,941 shares of the real estate investment trust’s stock after purchasing an additional 32,889 shares during the quarter. Amundi owned 0.24% of Acadia Realty Trust worth $6,171,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AKR. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Acadia Realty Trust during the first quarter worth $36,166,000. Alyeska Investment Group L.P. acquired a new stake in Acadia Realty Trust in the first quarter worth $23,872,000. Millennium Management LLC acquired a new stake in Acadia Realty Trust in the fourth quarter worth $14,952,000. Vanguard Group Inc. increased its position in Acadia Realty Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust’s stock worth $389,307,000 after buying an additional 485,394 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Acadia Realty Trust in the fourth quarter worth $10,650,000. 97.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AKR. LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a research report on Tuesday. They issued a “neutral” rating and a $21.00 target price on the stock. Wall Street Zen lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.67.

Acadia Realty Trust Price Performance

NYSE:AKR opened at $19.44 on Thursday. The business’s 50-day moving average price is $19.07 and its 200 day moving average price is $19.71. The firm has a market cap of $2.55 billion, a P/E ratio of 121.50, a PEG ratio of 3.88 and a beta of 1.48. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The business had revenue of $98.30 million for the quarter, compared to analyst estimates of $81.89 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, sell-side analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust’s payout ratio is currently 500.00%.

Acadia Realty Trust Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.