Acadia Realty Trust $AKR Shares Sold by Aberdeen Group plc

Aberdeen Group plc lowered its holdings in Acadia Realty Trust (NYSE:AKR) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,178 shares of the real estate investment trust’s stock after selling 3,028 shares during the period. Aberdeen Group plc’s holdings in Acadia Realty Trust were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AKR. Amundi boosted its holdings in Acadia Realty Trust by 11.6% during the first quarter. Amundi now owns 316,941 shares of the real estate investment trust’s stock worth $6,171,000 after buying an additional 32,889 shares in the last quarter. Strs Ohio acquired a new stake in shares of Acadia Realty Trust during the 1st quarter valued at $463,000. Principal Financial Group Inc. boosted its stake in shares of Acadia Realty Trust by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 670,957 shares of the real estate investment trust’s stock worth $14,057,000 after acquiring an additional 16,957 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Acadia Realty Trust in the 1st quarter worth $411,000. Finally, Bank of New York Mellon Corp raised its position in shares of Acadia Realty Trust by 10.5% during the first quarter. Bank of New York Mellon Corp now owns 1,227,613 shares of the real estate investment trust’s stock worth $25,718,000 after purchasing an additional 116,855 shares during the period. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Trading Up 0.9%

NYSE AKR opened at $19.52 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The firm’s fifty day simple moving average is $19.73 and its 200-day simple moving average is $19.33. The company has a market capitalization of $2.56 billion, a PE ratio of 122.01, a price-to-earnings-growth ratio of 2.86 and a beta of 1.47.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $98.30 million during the quarter, compared to analysts’ expectations of $81.89 million. During the same quarter last year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 500.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price target for the company. Zacks Research cut shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 12th. Citigroup upgraded 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock 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.