Public Sector Pension Investment Board Has $7.95 Million Stock Holdings in Acadia Realty Trust $AKR

Key Points

• The Public Sector Pension Investment Board increased its stake in Acadia Realty Trust by 27.3%, owning approximately 379,427 shares valued at about $7,949,000 after acquiring an additional 81,344 shares.
• Acadia Realty Trust reported a net revenue increase of 15.3% year-over-year, with earnings per share (EPS) of $0.32 for the quarter, missing the consensus estimate by $0.01.
• The company recently announced a quarterly dividend of $0.20 per share, translating to an annual yield of 4.2% with a current payout ratio of 500.00%.

Public Sector Pension Investment Board lifted its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 27.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 379,427 shares of the real estate investment trust's stock after buying an additional 81,344 shares during the period. Public Sector Pension Investment Board owned about 0.29% of Acadia Realty Trust worth $7,949,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Acadia Realty Trust by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust's stock valued at $389,307,000 after acquiring an additional 485,394 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Acadia Realty Trust by 73.1% in the fourth quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock valued at $47,646,000 after purchasing an additional 832,794 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Acadia Realty Trust in the 1st quarter worth approximately $36,166,000. Balyasny Asset Management L.P. acquired a new position in Acadia Realty Trust during the 4th quarter worth $38,508,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Acadia Realty Trust by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,575,874 shares of the real estate investment trust's stock worth $38,073,000 after buying an additional 109,116 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Trading Up 2.5%

AKR traded up $0.47 during midday trading on Tuesday, reaching $19.37. 238,777 shares of the company were exchanged, compared to its average volume of 1,247,611. The stock has a market capitalization of $2.54 billion, a P/E ratio of 120.79, a PEG ratio of 2.99 and a beta of 1.41. Acadia Realty Trust has a one year low of $16.98 and a one year high of $26.29. The stock's 50-day simple moving average is $18.83 and its 200 day simple moving average is $20.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced 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 net margin of 5.31% and a return on equity of 0.79%. The company had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same period last year, the company earned $0.31 earnings per share. The business'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. As a group, analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed 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 4.1%. Acadia Realty Trust's dividend payout ratio is currently 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 research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $25.00.

Acadia Realty Trust 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.