Metis Global Partners LLC Purchases 6,477 Shares of Acadia Realty Trust $AKR

Metis Global Partners LLC boosted its position in shares of Acadia Realty Trust (NYSE:AKR) by 42.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,639 shares of the real estate investment trust’s stock after buying an additional 6,477 shares during the period. Metis Global Partners LLC’s holdings in Acadia Realty Trust were worth $402,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Acadia Realty Trust by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,351,586 shares of the real estate investment trust’s stock worth $25,099,000 after acquiring an additional 123,973 shares during the period. Corton Capital Inc. bought a new position in Acadia Realty Trust in the second quarter valued at approximately $204,000. Bank of Montreal Can raised its position in Acadia Realty Trust by 5.6% during the second quarter. Bank of Montreal Can now owns 20,227 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 1,069 shares in the last quarter. Amalgamated Bank lifted its stake in Acadia Realty Trust by 8.4% during the second quarter. Amalgamated Bank now owns 36,833 shares of the real estate investment trust’s stock worth $684,000 after purchasing an additional 2,857 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings 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 in the last quarter. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Trading Up 0.2%

NYSE AKR opened at $20.20 on Thursday. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 168.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.44. Acadia Realty Trust has a twelve month low of $16.98 and a twelve 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 business’s fifty day moving average is $19.80 and its 200 day moving average is $19.40.

Acadia Realty Trust (NYSE:AKR) last issued its 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. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business had revenue of $98.71 million during the quarter, compared to analysts’ expectations of $92.78 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, sell-side analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is 666.67%.

Wall Street Analyst Weigh In

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