Voya Investment Management LLC Has $7.31 Million Stake in Acadia Realty Trust $AKR

Key Points

• Voya Investment Management LLC has reduced its stake in Acadia Realty Trust by 19.7%, selling 85,771 shares and owning 348,780 shares now worth approximately $7.31 million.
• The company reported a quarterly earnings miss with $0.32 earnings per share, falling short of analyst estimates of $0.33, while also experiencing a year-over-year revenue increase of 15.3%.
• Acadia Realty Trust announced a quarterly dividend of $0.20 per share, set to yield 4.0% annually, with the ex-dividend date on September 30th.

Voya Investment Management LLC lessened its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 348,780 shares of the real estate investment trust's stock after selling 85,771 shares during the quarter. Voya Investment Management LLC owned approximately 0.27% of Acadia Realty Trust worth $7,307,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AKR. GF Fund Management CO. LTD. purchased a new stake in shares of Acadia Realty Trust in the 4th quarter valued at approximately $46,000. Cetera Investment Advisers purchased a new stake in shares of Acadia Realty Trust in the 4th quarter valued at approximately $257,000. Jefferies Financial Group Inc. purchased a new stake in shares of Acadia Realty Trust in the 4th quarter valued at approximately $295,000. EntryPoint Capital LLC purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at approximately $318,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at approximately $364,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Down 0.4%

Shares of Acadia Realty Trust stock traded down $0.09 during midday trading on Friday, reaching $20.28. 3,121,577 shares of the company's stock traded hands, compared to its average volume of 1,551,813. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $26.29. The company's 50 day simple moving average is $19.33 and its 200 day simple moving average is $19.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 126.76, a price-to-earnings-growth ratio of 4.08 and a beta of 1.48.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $81.89 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business's quarterly 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. Equities analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AKR shares. Wall Street Zen downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Citigroup upgraded shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Friday, September 12th. Finally, LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $21.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Acadia Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

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.