Cohen & Steers Inc. cut its position in Acadia Realty Trust (NYSE:AKR – Free Report) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,652,398 shares of the real estate investment trust’s stock after selling 90,937 shares during the period. Cohen & Steers Inc. owned approximately 0.14% of Acadia Realty Trust worth $383,120,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in Acadia Realty Trust by 83.2% during the first quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Acadia Realty Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust’s stock worth $1,461,000 after buying an additional 3,045 shares during the period. Millennium Management LLC increased its position in Acadia Realty Trust by 31.1% during the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust’s stock worth $16,993,000 after buying an additional 192,267 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Acadia Realty Trust by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust’s stock worth $17,145,000 after buying an additional 82,974 shares during the period. Finally, Jane Street Group LLC acquired a new position in Acadia Realty Trust during the first quarter worth approximately $1,284,000. 97.65% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Acadia Realty Trust
In related news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total value of $553,000.00. Following the sale, the executive vice president owned 9,426 shares in the company, valued at $208,503.12. This represents a 72.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.11% of the stock is currently owned by corporate insiders.
Acadia Realty Trust Stock Performance
Acadia Realty Trust (NYSE:AKR – Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.17. The company had revenue of $102.99 million for the quarter, compared to analysts’ expectations of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts expect that Acadia Realty Trust will post 1.23 EPS for the current year.
Acadia Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. Acadia Realty Trust’s dividend payout ratio is currently 266.67%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on AKR shares. Citigroup lifted their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Acadia Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $23.50.
Check Out Our Latest Report on Acadia Realty Trust
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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