Vanguard Group Inc. Raises Stock Holdings in Acadia Realty Trust $AKR

Vanguard Group Inc. boosted its stake in Acadia Realty Trust (NYSE:AKR) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,939,618 shares of the real estate investment trust’s stock after purchasing an additional 114,473 shares during the quarter. Vanguard Group Inc. owned about 15.22% of Acadia Realty Trust worth $401,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. State of Wyoming increased its holdings in shares of Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 543 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 547 shares during the last quarter. Amalgamated Bank grew its position in Acadia Realty Trust by 1.9% in the third quarter. Amalgamated Bank now owns 37,530 shares of the real estate investment trust’s stock worth $756,000 after acquiring an additional 697 shares in the last quarter. New York State Teachers Retirement System increased its stake in Acadia Realty Trust by 0.4% in the third quarter. New York State Teachers Retirement System now owns 173,200 shares of the real estate investment trust’s stock valued at $3,490,000 after acquiring an additional 729 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Acadia Realty Trust by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 18,092 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 734 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on AKR. Truist Financial cut their price objective on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 28th. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, January 21st. Citigroup upped their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.33.

Acadia Realty Trust Trading Up 1.2%

NYSE AKR opened at $20.77 on Friday. The firm has a market cap of $2.72 billion, a PE ratio of 230.80, a price-to-earnings-growth ratio of 2.06 and a beta of 1.14. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $23.45. The stock has a 50-day moving average of $20.58 and a 200-day moving average of $20.08. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.28). Acadia Realty Trust had a return on equity of 0.49% and a net margin of 3.22%.The company had revenue of $104.77 million during the quarter, compared to analysts’ expectations of $92.19 million. During the same period last year, the firm earned $0.32 earnings per share. Acadia Realty Trust’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Acadia Realty Trust’s dividend payout ratio is currently 888.89%.

About Acadia Realty Trust

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.