IFM Investors Pty Ltd Lowers Position in Acadia Realty Trust $AKR

IFM Investors Pty Ltd trimmed its holdings in Acadia Realty Trust (NYSE:AKR) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,165 shares of the real estate investment trust’s stock after selling 2,364 shares during the quarter. IFM Investors Pty Ltd’s holdings in Acadia Realty Trust were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AKR. Natixis Advisors LLC boosted its position in shares of Acadia Realty Trust by 1.4% in the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock worth $801,000 after purchasing an additional 529 shares in the last quarter. Inspire Investing LLC raised its stake in Acadia Realty Trust by 3.4% during the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 640 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Acadia Realty Trust by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 99,366 shares of the real estate investment trust’s stock worth $2,401,000 after acquiring an additional 1,749 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Acadia Realty Trust during the fourth quarter valued at $46,000. Finally, Aberdeen Group plc raised its position in shares of Acadia Realty Trust by 7.0% in the 1st quarter. Aberdeen Group plc now owns 42,206 shares of the real estate investment trust’s stock worth $884,000 after purchasing an additional 2,768 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Up 0.4%

AKR stock opened at $20.17 on Wednesday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 126.09, a P/E/G ratio of 4.04 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day moving average is $19.39 and its two-hundred day moving average is $19.51. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29.

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

Acadia Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.0%. Acadia Realty Trust’s dividend payout ratio is currently 500.00%.

Analyst Ratings Changes

AKR has been the topic of several recent analyst reports. Citigroup raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $23.00 in a research report on Friday, September 12th. Wall Street Zen cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Acadia Realty Trust in a report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Acadia Realty Trust Company 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.