23,165 Shares in Acadia Realty Trust $AKR Purchased by Groupe la Francaise

Key Points

• Groupe la Francaise has acquired 23,165 shares of Acadia Realty Trust, valued at approximately $489,000, adding to the trend of institutional investments in the company.
• Acadia Realty Trust reported earnings per share (EPS) of $0.32 in its latest earnings release, missing analyst expectations of $0.33, while year-over-year revenue increased by 15.3%.
• Analysts have downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating, although the stock remains with an average rating of "Buy" and a consensus target price of $25.00.

Groupe la Francaise bought a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,165 shares of the real estate investment trust's stock, valued at approximately $489,000.

A number of other hedge funds have also recently bought and sold shares of AKR. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Acadia Realty Trust during the first quarter worth about $36,166,000. Balyasny Asset Management L.P. acquired a new position in Acadia Realty Trust during the fourth quarter worth about $38,508,000. Deprince Race & Zollo Inc. acquired a new position in Acadia Realty Trust during the fourth quarter worth about $33,107,000. Northern Trust Corp grew its holdings in Acadia Realty Trust by 73.1% during the fourth quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock worth $47,646,000 after acquiring an additional 832,794 shares during the period. Finally, Hudson Bay Capital Management LP raised its holdings in Acadia Realty Trust by 80.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,480,402 shares of the real estate investment trust's stock worth $35,767,000 after buying an additional 658,767 shares during the period. 97.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $25.00.

Acadia Realty Trust Price Performance

Shares of AKR opened at $20.0350 on Monday. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 125.23, a P/E/G ratio of 3.99 and a beta of 1.41. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The business's 50-day moving average is $18.82 and its 200-day moving average is $20.00.

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

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued 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 is currently 500.00%.

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.

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