Alyeska Investment Group L.P. Invests $23.87 Million in Acadia Realty Trust $AKR

Key Points

• Alyeska Investment Group L.P. acquired 1,139,483 shares of Acadia Realty Trust, valued at approximately $23.87 million, representing about 0.87% ownership of the company.
• Acadia Realty Trust's recent quarterly earnings report revealed $0.32 earnings per share, missing consensus estimates by $0.01, with revenue up 15.3% year-over-year.
• The company announced a quarterly dividend of $0.20, resulting in an annualized yield of 4.0%, despite a high dividend payout ratio of 500.00%.

Alyeska Investment Group L.P. acquired a new position in Acadia Realty Trust (NYSE:AKR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,139,483 shares of the real estate investment trust's stock, valued at approximately $23,872,000. Alyeska Investment Group L.P. owned approximately 0.87% of Acadia Realty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in shares of Acadia Realty Trust in the fourth quarter worth $46,000. Sandia Investment Management LP purchased a new position in Acadia Realty Trust during the fourth quarter valued at $121,000. Cetera Investment Advisers purchased a new position in Acadia Realty Trust during the fourth quarter valued at $257,000. Jefferies Financial Group Inc. purchased a new position in Acadia Realty Trust during the fourth quarter valued at $295,000. Finally, EntryPoint Capital LLC purchased a new position in Acadia Realty Trust during the first quarter valued at $318,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AKR has been the subject of several research analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of Acadia Realty Trust in a research note on Tuesday. They set a "neutral" rating and a $21.00 target price for the company. Wall Street Zen cut shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.67.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR traded up $0.11 on Wednesday, reaching $19.51. The company's stock had a trading volume of 170,571 shares, compared to its average volume of 1,259,263. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29. The company has a market cap of $2.56 billion, a P/E ratio of 121.91, a PEG ratio of 3.94 and a beta of 1.48. The company has a 50-day simple moving average of $19.06 and a 200 day simple moving average of $19.71. 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 issued its quarterly earnings data 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 return on equity of 0.79% and a net margin of 5.31%.The business had revenue of $98.30 million during the quarter, compared to analysts' expectations of $81.89 million. During the same period in the previous year, the business earned $0.31 earnings per share. 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. As a group, equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company 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. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Acadia Realty Trust's dividend payout ratio (DPR) is 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.