Nan Fung Trinity HK Ltd. Increases Stock Holdings in Acadia Realty Trust $AKR

Nan Fung Trinity HK Ltd. grew its holdings in Acadia Realty Trust (NYSE:AKR) by 55.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 458,100 shares of the real estate investment trust’s stock after buying an additional 162,900 shares during the period. Nan Fung Trinity HK Ltd.’s holdings in Acadia Realty Trust were worth $8,507,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Yousif Capital Management LLC increased its stake in Acadia Realty Trust by 11.1% during the 2nd quarter. Yousif Capital Management LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 4,884 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Acadia Realty Trust by 8.0% during the second quarter. Allianz Asset Management GmbH now owns 76,700 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 5,651 shares during the last quarter. Easterly Investment Partners LLC increased its position in shares of Acadia Realty Trust by 13.3% in the 2nd quarter. Easterly Investment Partners LLC now owns 590,795 shares of the real estate investment trust’s stock valued at $10,971,000 after acquiring an additional 69,342 shares during the period. Amundi grew its stake in Acadia Realty Trust by 11.6% during the 1st quarter. Amundi now owns 316,941 shares of the real estate investment trust’s stock valued at $6,171,000 after purchasing an additional 32,889 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Acadia Realty Trust in the first quarter worth about $463,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Friday, September 12th. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price objective for the company. Two 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.33.

Acadia Realty Trust Price Performance

NYSE:AKR opened at $20.16 on Wednesday. The stock has a market capitalization of $2.64 billion, a PE ratio of 168.01, a price-to-earnings-growth ratio of 2.78 and a beta of 1.44. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week 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 stock’s 50-day moving average price is $19.79 and its 200-day moving average price is $19.39.

Acadia Realty Trust (NYSE:AKR) last issued 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 company had revenue of $98.71 million for the quarter, compared to analyst estimates of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.Acadia Realty Trust’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. Acadia Realty Trust’s dividend payout ratio is currently 666.67%.

About Acadia Realty Trust

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.