Acadia Realty Trust $AKR Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Acadia Realty Trust (NYSE:AKR) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,937 shares of the real estate investment trust’s stock after buying an additional 11,040 shares during the quarter. Asset Management One Co. Ltd. owned 0.14% of Acadia Realty Trust worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Acadia Realty Trust by 57.7% in the second quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 1,873 shares during the period. EntryPoint Capital LLC purchased a new position in Acadia Realty Trust in the first quarter valued at $318,000. Teacher Retirement System of Texas purchased a new position in Acadia Realty Trust in the first quarter valued at $364,000. Inspire Investing LLC boosted its holdings in 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 valued at $403,000 after purchasing an additional 640 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Acadia Realty Trust in the first quarter valued at $411,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AKR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $23.00 in a report on Friday, September 12th. Wall Street Zen cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 12th. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price target for the company. Two investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.33.

Acadia Realty Trust Stock Performance

NYSE AKR opened at $19.07 on Thursday. The company has a fifty day moving average of $19.82 and a two-hundred day moving average of $19.38. The company has a market capitalization of $2.50 billion, a PE ratio of 158.90, a P/E/G ratio of 2.78 and a beta of 1.47. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29. 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 (NYSE:AKR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $98.71 million during the quarter, compared to the consensus estimate of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, September 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 500.00%.

About Acadia Realty Trust

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.