19,603 Shares in Acadia Realty Trust $AKR Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. purchased 19,603 shares of Acadia Realty Trust, valued at approximately $411,000, indicating growing institutional interest in the REIT.
• Acadia Realty Trust reported $0.32 EPS for the last quarter, missing analysts' estimates, while revenue of $98.30 million surpassed expectations of $81.89 million.
• The company declared a $0.20 quarterly dividend, set to be paid on October 15th, which represents an annualized yield of 4.1%.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,603 shares of the real estate investment trust's stock, valued at approximately $411,000.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new stake in shares of Acadia Realty Trust in the 4th quarter valued at approximately $46,000. Sterling Capital Management LLC lifted its holdings in Acadia Realty Trust by 960.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 3,344 shares during the last quarter. Sandia Investment Management LP acquired a new stake in Acadia Realty Trust during the 4th quarter valued at $121,000. Walleye Capital LLC acquired a new stake in Acadia Realty Trust during the 4th quarter valued at $224,000. Finally, Cetera Investment Advisers acquired a new stake in Acadia Realty Trust during the 4th quarter valued at $257,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Stock Performance

AKR stock traded down $0.2730 during trading hours on Monday, hitting $19.7670. 1,783,012 shares of the stock were exchanged, compared to its average volume of 1,558,519. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The firm has a market capitalization of $2.59 billion, a P/E ratio of 123.55, a P/E/G ratio of 3.99 and a beta of 1.41. The company has a 50-day simple moving average of $18.83 and a two-hundred day simple moving average of $19.97.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The company had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. On average, analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $25.00.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.