Amundi Has $6.17 Million Stock Holdings in Acadia Realty Trust $AKR

Key Points

• Amundi increased its holdings in Acadia Realty Trust by 11.6%, bringing its ownership to 316,941 shares worth approximately $6.17 million.
• The stock has a current market cap of $2.55 billion with a P/E ratio of 121.50, while also reporting quarterly earnings that missed analysts' expectations.
• Acadia Realty Trust declared a $0.20 quarterly dividend, representing a 4.1% annual yield, with a payout ratio currently at 500%.

Amundi lifted its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,941 shares of the real estate investment trust's stock after buying an additional 32,889 shares during the period. Amundi owned about 0.24% of Acadia Realty Trust worth $6,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AKR. Natixis Advisors LLC raised its stake in shares of Acadia Realty Trust by 1.4% in the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $801,000 after purchasing an additional 529 shares during the period. Captrust Financial Advisors grew its holdings in shares of Acadia Realty Trust by 2.1% during the fourth quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust's stock worth $843,000 after buying an additional 731 shares in the last quarter. California State Teachers Retirement System raised its position in Acadia Realty Trust by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 99,366 shares of the real estate investment trust's stock valued at $2,401,000 after buying an additional 1,749 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Acadia Realty Trust in the 4th quarter valued at approximately $46,000. Finally, State of Wyoming boosted its position in Acadia Realty Trust by 14.7% during the 4th quarter. State of Wyoming now owns 17,351 shares of the real estate investment trust's stock worth $419,000 after acquiring an additional 2,224 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Stock Performance

AKR stock traded down $0.06 during trading hours on Tuesday, reaching $20.15. The stock had a trading volume of 1,756,721 shares, compared to its average volume of 1,403,115. The stock has a 50-day simple moving average of $19.21 and a 200 day simple moving average of $19.60. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29. The stock has a market capitalization of $2.64 billion, a PE ratio of 125.95, a price-to-earnings-growth ratio of 4.05 and a beta of 1.48. 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 (NYSE:AKR - Get Free Report) last issued 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 the consensus estimate of $81.89 million. During the same period in the previous year, the company posted $0.31 earnings per share. The firm's revenue for the quarter 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. Analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analyst Upgrades and Downgrades

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

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.