Yousif Capital Management LLC Buys 4,884 Shares of Acadia Realty Trust $AKR

Yousif Capital Management LLC grew its stake in shares of Acadia Realty Trust (NYSE:AKR) by 11.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,746 shares of the real estate investment trust’s stock after buying an additional 4,884 shares during the quarter. Yousif Capital Management LLC’s holdings in Acadia Realty Trust were worth $905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Acadia Realty Trust by 57.7% during the second quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 1,873 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Acadia Realty Trust in the first quarter worth $318,000. Teacher Retirement System of Texas bought a new stake in shares of Acadia Realty Trust in the first quarter worth $364,000. Inspire Investing LLC grew its stake in shares of Acadia Realty Trust by 3.4% in the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 640 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Acadia Realty Trust in the first quarter worth $411,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 1.0%

AKR opened at $19.50 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29. The firm has a market capitalization of $2.55 billion, a PE ratio of 121.87, a P/E/G ratio of 2.81 and a beta of 1.47. The company’s 50-day moving average is $19.76 and its 200 day moving average is $19.32.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share 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 during the quarter, compared to analyst estimates of $81.89 million. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue 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. As a group, research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 30th. Acadia Realty Trust’s dividend payout ratio is currently 500.00%.

Analyst Upgrades and Downgrades

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

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.