153,554 Shares in Acadia Realty Trust $AKR Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 153,554 Acadia Realty Trust shares worth approximately $3.21 million, representing a 0.11% stake. Institutional investors collectively own 97.65% of AKR.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus rating and an average price target of $24.20, although one analyst downgraded the stock to “sell.”
• Acadia reported quarterly EPS of $0.05, below the $0.30 consensus estimate, while revenue of $95.42 million exceeded expectations. The REIT declared a quarterly dividend of $0.20, yielding about 3.9% annually.

Public Employees Retirement System of Ohio acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 153,554 shares of the real estate investment trust's stock, valued at approximately $3,211,000. Public Employees Retirement System of Ohio owned 0.11% of Acadia Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AKR. Danske Bank A S raised its holdings in shares of Acadia Realty Trust by 600.0% in the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 1,800 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 547 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Acadia Realty Trust in the second quarter worth approximately $47,000. EverSource Wealth Advisors LLC raised its stake in Acadia Realty Trust by 342.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 2,309 shares in the last quarter. Finally, Covestor Ltd raised its stake in Acadia Realty Trust by 62,000.0% in the fourth 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 in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AKR has been the subject of a number of research reports. Truist Financial boosted their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Jefferies Financial Group raised shares of Acadia Realty Trust to a "strong-buy" rating in a report on Friday, June 26th. Wall Street Zen lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday. KeyCorp raised Acadia Realty Trust from a "sector weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a research note on Tuesday, August 18th. Finally, Weiss Ratings upgraded Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.20.

Acadia Realty Trust Price Performance

AKR stock opened at $20.29 on Friday. 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 52 week low of $18.61 and a 52 week high of $23.03. The firm's fifty day moving average is $21.35 and its 200 day moving average is $21.11. The firm has a market cap of $2.79 billion, a P/E ratio of 59.68, a P/E/G ratio of 2.07 and a beta of 1.09.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business'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 predict that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.20 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.9%. Acadia Realty Trust's payout ratio is presently 235.29%.

Acadia Realty Trust Company Profile

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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