Public Employees Retirement System of Ohio cut its position in Acadia Realty Trust (NYSE:AKR – Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,682 shares of the real estate investment trust’s stock after selling 28,746 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Acadia Realty Trust worth $2,900,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in AKR. Osaic Holdings Inc. lifted its stake in Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 547 shares during the last quarter. Danske Bank A S grew its position in shares of Acadia Realty Trust by 600.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,800 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Acadia Realty Trust during the second quarter worth approximately $47,000. EverSource Wealth Advisors LLC increased its holdings in shares of Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,309 shares during the period. Finally, Covestor Ltd raised its position in Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,720 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
Insider Activity
In related news, EVP Reginald Livingston sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the completion of the sale, the executive vice president owned 9,426 shares in the company, valued at $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.11% of the stock is owned by corporate insiders.
Acadia Realty Trust Stock Up 0.0%
Acadia Realty Trust (NYSE:AKR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The business had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities analysts anticipate that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.
Acadia Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 235.29%.
Analyst Ratings Changes
A number of brokerages recently weighed in on AKR. KeyCorp reiterated a “sector weight” rating on shares of Acadia Realty Trust in a research note on Monday, June 15th. LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Truist Financial raised their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Jefferies Financial Group upgraded Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Acadia Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.
Read Our Latest Stock Analysis on AKR
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.
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