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

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

Acadia Realty Trust Stock Up 2.0%

Shares of AKR traded up $0.40 during trading hours on Friday, reaching $20.17. 2,141,544 shares of the stock traded hands, compared to its average volume of 1,301,148. 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 stock has a fifty day simple moving average of $19.13 and a 200 day simple moving average of $19.67. 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 $2.64 billion, a price-to-earnings ratio of 126.07, a PEG ratio of 3.96 and a beta of 1.48.

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 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 for the quarter, compared to the consensus estimate of $81.89 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm's revenue for the quarter 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, equities analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on AKR. Citigroup raised shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and raised their price objective for the company from $20.00 to $23.00 in a research note on Friday. Wall Street Zen lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, LADENBURG THALM/SH SH began coverage on shares of Acadia Realty Trust in a research note on Tuesday. They issued a "neutral" rating and a $21.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Acadia Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price 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.