Acadia Realty Trust $AKR Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Acadia Realty Trust (NYSE:AKRFree Report) by 24.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,678,599 shares of the real estate investment trust’s stock after buying an additional 932,442 shares during the period. Wellington Management Group LLP’s holdings in Acadia Realty Trust were worth $97,830,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Acadia Realty Trust in the 2nd quarter valued at about $3,211,000. Bank of New York Mellon Corp acquired a new stake in shares of Acadia Realty Trust during the 2nd quarter worth approximately $25,340,000. Handelsbanken Fonder AB increased its holdings in shares of Acadia Realty Trust by 24.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 46,032 shares of the real estate investment trust’s stock worth $963,000 after buying an additional 9,000 shares during the last quarter. Amundi raised its position in shares of Acadia Realty Trust by 41.6% during the 1st quarter. Amundi now owns 123,365 shares of the real estate investment trust’s stock valued at $2,359,000 after buying an additional 36,270 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Acadia Realty Trust by 34.8% in the first quarter. California State Teachers Retirement System now owns 169,626 shares of the real estate investment trust’s stock valued at $3,243,000 after acquiring an additional 43,780 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AKR. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Truist Financial lifted their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Citigroup boosted their price objective on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Acadia Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $24.20.

Read Our Latest Stock Report on Acadia Realty Trust

Acadia Realty Trust Stock Down 0.2%

Acadia Realty Trust stock opened at $20.42 on Wednesday. The company has a market capitalization of $2.80 billion, a PE ratio of 60.06, a price-to-earnings-growth ratio of 2.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13. Acadia Realty Trust has a fifty-two week low of $18.61 and a fifty-two week high of $23.03. The firm has a 50 day moving average price of $21.43 and a 200 day moving average price of $21.12.

Acadia Realty Trust (NYSE:AKRGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The firm had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Research analysts expect that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

About Acadia Realty Trust

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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