Inspire Investing LLC Raises Stock Position in Acadia Realty Trust $AKR

Inspire Investing LLC increased its stake in Acadia Realty Trust (NYSE:AKR) by 31.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,267 shares of the real estate investment trust’s stock after acquiring an additional 6,013 shares during the quarter. Inspire Investing LLC’s holdings in Acadia Realty Trust were worth $469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Acadia Realty Trust by 57.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 1,873 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Acadia Realty Trust during the first quarter worth approximately $318,000. Teacher Retirement System of Texas purchased a new stake in shares of Acadia Realty Trust during the first quarter worth approximately $364,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Acadia Realty Trust during the first quarter worth approximately $411,000. Finally, Strs Ohio purchased a new stake in shares of Acadia Realty Trust during the first quarter worth approximately $463,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $18.98 on Monday. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $26.29. The business’s fifty day simple moving average is $19.69 and its 200-day simple moving average is $19.36. The firm has a market cap of $2.49 billion, a PE ratio of 118.63, a price-to-earnings-growth ratio of 3.85 and a beta of 1.47. 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 results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The business had revenue of $98.30 million during the quarter, compared to analyst estimates of $81.89 million. During the same period last year, the company earned $0.31 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Equities 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.2%. Acadia Realty Trust’s dividend payout ratio is presently 500.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Friday, September 12th. Wall Street Zen lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday. LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price objective on the stock. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $22.33.

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.