AlphaQuest LLC Takes Position in Acadia Realty Trust $AKR

Key Points

• AlphaQuest LLC has acquired 62,912 shares of Acadia Realty Trust, valued at approximately $1.32 million, as per its recent Form 13F filing.
• Acadia Realty Trust's quarterly earnings report showed a miss on EPS estimates, reporting $0.32 against a consensus of $0.33, while revenue exceeded expectations with $98.30 million.
• The company declared a quarterly dividend of $0.20, resulting in a 4.0% yield, although its dividend payout ratio is notably high at 500.00%.

AlphaQuest LLC purchased a new position in Acadia Realty Trust (NYSE:AKR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 62,912 shares of the real estate investment trust's stock, valued at approximately $1,318,000.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Acadia Realty Trust by 0.9% in 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 buying an additional 83,850 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Acadia Realty Trust in the 1st quarter worth about $318,000. Hsbc Holdings PLC raised its position in Acadia Realty Trust by 107.3% in the 1st quarter. Hsbc Holdings PLC now owns 202,864 shares of the real estate investment trust's stock worth $4,248,000 after buying an additional 104,999 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Acadia Realty Trust by 7.5% during the 1st quarter. Quantbot Technologies LP now owns 178,541 shares of the real estate investment trust's stock valued at $3,740,000 after purchasing an additional 12,485 shares during the period. Finally, Northern Trust Corp grew its stake in shares of 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 valued at $43,159,000 after purchasing an additional 87,978 shares during the period. Hedge funds and other institutional investors own 97.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock traded up $0.02 during midday trading on Friday, hitting $20.08. The stock had a trading volume of 166,851 shares, compared to its average volume of 1,253,558. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2.63 billion, a PE ratio of 125.48, a P/E/G ratio of 3.97 and a beta of 1.41. The firm's fifty day moving average is $18.87 and its two-hundred day moving average is $19.95.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results 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 company had revenue of $98.30 million for the quarter, compared to analysts' expectations of $81.89 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business's quarterly revenue 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, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. Acadia Realty Trust's dividend payout ratio (DPR) is currently 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.