Groupe la Francaise Takes Position in Acadia Realty Trust $AKR

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 the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,165 shares of the real estate investment trust's stock, valued at approximately $489,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Acadia Realty Trust by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust's stock worth $389,307,000 after acquiring an additional 485,394 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Acadia Realty Trust by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,912,725 shares of the real estate investment trust's stock worth $186,723,000 after acquiring an additional 83,850 shares during the period. Northern Trust Corp increased its stake in Acadia Realty Trust by 4.5% during the 1st quarter. Northern Trust Corp now owns 2,060,082 shares of the real estate investment trust's stock worth $43,159,000 after acquiring an additional 87,978 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Acadia Realty Trust during the 1st quarter worth $36,166,000. Finally, Balyasny Asset Management L.P. bought a new position in Acadia Realty Trust during the 4th quarter worth $38,508,000. Institutional investors own 97.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

Acadia Realty Trust Price Performance

Shares of AKR stock traded down $0.05 on Friday, hitting $20.02. 1,558,754 shares of the company's stock were exchanged, compared to its average volume of 1,412,464. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The stock has a market cap of $2.62 billion, a P/E ratio of 125.10, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a 50 day moving average of $18.89 and a 200 day moving average of $19.89.

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

Acadia Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.0%. Acadia Realty Trust's payout ratio is presently 500.00%.

Acadia Realty Trust Company Profile

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.