Easterly Investment Partners LLC Sells 292,537 Shares of Acadia Realty Trust $AKR

Easterly Investment Partners LLC cut its stake in Acadia Realty Trust (NYSE:AKR) by 58.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,290 shares of the real estate investment trust’s stock after selling 292,537 shares during the quarter. Easterly Investment Partners LLC’s holdings in Acadia Realty Trust were worth $4,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Acadia Realty Trust by 0.6% in the third quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock worth $401,783,000 after acquiring an additional 114,473 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Acadia Realty Trust by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 511,079 shares of the real estate investment trust’s stock worth $10,298,000 after acquiring an additional 64,644 shares during the period. SG Americas Securities LLC grew its stake in shares of Acadia Realty Trust by 15,825.5% in the fourth quarter. SG Americas Securities LLC now owns 1,254,292 shares of the real estate investment trust’s stock worth $25,763,000 after acquiring an additional 1,246,416 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Acadia Realty Trust by 80.8% in the third quarter. Envestnet Asset Management Inc. now owns 73,453 shares of the real estate investment trust’s stock worth $1,480,000 after acquiring an additional 32,827 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Acadia Realty Trust by 13.6% in the fourth quarter. Legal & General Group Plc now owns 1,884,310 shares of the real estate investment trust’s stock worth $38,704,000 after acquiring an additional 226,124 shares during the period. 97.65% of the stock is currently owned by institutional investors.

Insider Activity at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. The trade was a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.11% of the company’s stock.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $22.02 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. Acadia Realty Trust has a 1-year low of $18.04 and a 1-year high of $22.50. The company has a market capitalization of $2.94 billion, a P/E ratio of 73.39, a P/E/G ratio of 2.20 and a beta of 1.10. The firm’s 50 day simple moving average is $20.83 and its two-hundred day simple moving average is $20.58.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping the consensus estimate of $0.05 by $0.17. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The firm had revenue of $102.99 million for the quarter, compared to the consensus estimate of $94.21 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts expect that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Acadia Realty Trust’s payout ratio is 266.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on AKR shares. JPMorgan Chase & Co. boosted their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, March 20th. Citigroup boosted their target price on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Acadia Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Acadia Realty Trust Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.