Mitsubishi UFJ Asset Management Co. Ltd. Acquires 13,873 Shares of Acadia Realty Trust $AKR

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Acadia Realty Trust (NYSE:AKR) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,595 shares of the real estate investment trust’s stock after acquiring an additional 13,873 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Acadia Realty Trust were worth $1,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AKR. Hantz Financial Services Inc. lifted its stake in shares of Acadia Realty Trust by 189.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 902 shares during the period. GAMMA Investing LLC increased 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 last quarter. Corton Capital Inc. acquired a new position in Acadia Realty Trust in the second quarter valued at about $204,000. EntryPoint Capital LLC bought a new position in Acadia Realty Trust during the first quarter worth about $318,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Acadia Realty Trust during the 1st quarter worth about $364,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.5%

Shares of AKR stock opened at $20.08 on Friday. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $26.29. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average of $19.80 and a 200-day moving average of $19.40. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 167.31, a P/E/G ratio of 2.78 and a beta of 1.44.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $101.01 million for the quarter, compared to analysts’ expectations of $92.78 million. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, equities 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 company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Acadia Realty Trust’s payout ratio is 666.67%.

Analysts Set New Price Targets

AKR has been the topic of a number of analyst reports. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $23.00 in a research report on Friday, September 12th. Zacks Research lowered shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.