Fisher Asset Management LLC Reduces Stake in Acadia Realty Trust $AKR

Fisher Asset Management LLC lowered its stake in Acadia Realty Trust (NYSE:AKR) by 48.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363,011 shares of the real estate investment trust’s stock after selling 347,000 shares during the quarter. Fisher Asset Management LLC owned approximately 0.28% of Acadia Realty Trust worth $6,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Edgestream Partners L.P. boosted its position in shares of Acadia Realty Trust by 86.3% in the second quarter. Edgestream Partners L.P. now owns 215,176 shares of the real estate investment trust’s stock valued at $3,996,000 after acquiring an additional 99,653 shares during the period. New York State Common Retirement Fund lifted its stake in Acadia Realty Trust by 15.1% in the 2nd quarter. New York State Common Retirement Fund now owns 42,747 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 5,600 shares in the last quarter. Norges Bank purchased a new position in shares of Acadia Realty Trust during the 2nd quarter valued at $2,017,000. Advisors Asset Management Inc. increased its holdings in shares of Acadia Realty Trust by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 115,628 shares of the real estate investment trust’s stock worth $2,147,000 after purchasing an additional 1,796 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of Acadia Realty Trust by 10.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,482 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 1,224 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AKR. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $23.00 in a research report on Friday, September 12th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Truist Financial lowered their target price on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Weiss Ratings reissued 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.00.

Acadia Realty Trust Trading Up 0.2%

NYSE:AKR opened at $19.72 on Friday. The firm has a market capitalization of $2.58 billion, a P/E ratio of 164.37, a P/E/G ratio of 3.19 and a beta of 1.12. The company has a fifty day moving average of $19.82 and a 200 day moving average of $19.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $25.83.

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 (EPS) for the quarter, hitting the consensus estimate of $0.33. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The company had revenue of $101.01 million for the quarter, compared to analysts’ expectations of $92.78 million. During the same period last year, the firm earned $0.32 earnings per share. Acadia Realty Trust’s quarterly revenue was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 666.67%.

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.