Acadia Realty Trust $AKR Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Acadia Realty Trust (NYSE:AKR) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,209 shares of the real estate investment trust’s stock after acquiring an additional 13,516 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Acadia Realty Trust worth $4,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AKR. Teacher Retirement System of Texas acquired a new position in shares of Acadia Realty Trust during the 1st quarter valued at about $364,000. Principal Financial Group Inc. raised its holdings in Acadia Realty Trust by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 670,957 shares of the real estate investment trust’s stock valued at $14,057,000 after buying an additional 16,957 shares during the period. Bank of New York Mellon Corp raised its holdings in Acadia Realty Trust by 10.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,227,613 shares of the real estate investment trust’s stock valued at $25,718,000 after buying an additional 116,855 shares during the period. Arizona State Retirement System raised its holdings in Acadia Realty Trust by 12.3% in the 1st quarter. Arizona State Retirement System now owns 34,321 shares of the real estate investment trust’s stock valued at $719,000 after buying an additional 3,753 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Acadia Realty Trust by 13.8% in the 1st quarter. New York State Common Retirement Fund now owns 37,147 shares of the real estate investment trust’s stock valued at $778,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.3%

Shares of NYSE:AKR opened at $19.07 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $2.50 billion, a PE ratio of 158.90, a price-to-earnings-growth ratio of 2.78 and a beta of 1.47. The firm’s 50-day moving average is $19.82 and its two-hundred day moving average is $19.38. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $98.71 million for the quarter, compared to analyst estimates of $92.78 million. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Analysts predict that Acadia Realty Trust will post 1.34 EPS 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 $0.20 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. Acadia Realty Trust’s payout ratio is currently 500.00%.

Analysts Set New Price Targets

AKR has been the topic of several research analyst reports. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $23.00 in a report on Friday, September 12th. LADENBURG THALM/SH SH initiated 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 on the stock. Zacks Research lowered shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Wall Street Zen lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.