Bank of America Corp DE Sells 121,640 Shares of Acadia Realty Trust $AKR

Key Points

• Bank of America reduced its Acadia Realty Trust stake by 17.9% in the first quarter, selling 121,640 shares and retaining 558,708 shares valued at approximately $10.7 million. Institutional investors collectively own 97.65% of AKR.
• Acadia reported quarterly EPS of $0.05, missing the $0.30 consensus estimate, while revenue of $95.42 million exceeded expectations. Revenue declined 5.1% year over year, and the company issued full-year 2026 EPS guidance of $1.24–$1.26.
• The REIT declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 payout and a 3.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $24.20, compared with a recent share price of $21.05.

Bank of America Corp DE reduced its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 17.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 558,708 shares of the real estate investment trust's stock after selling 121,640 shares during the period. Bank of America Corp DE owned 0.42% of Acadia Realty Trust worth $10,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Danske Bank A S increased its stake in Acadia Realty Trust by 600.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 1,800 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock worth $41,000 after buying an additional 547 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Acadia Realty Trust during the 2nd quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock worth $55,000 after buying an additional 2,309 shares during the period. Finally, Covestor Ltd grew its stake in Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust's stock valued at $77,000 after buying an additional 3,720 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Performance

Shares of NYSE:AKR opened at $21.05 on Monday. The company's 50 day simple moving average is $21.50 and its 200 day simple moving average is $21.11. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 61.91, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. Acadia Realty Trust has a 1 year low of $18.61 and a 1 year high of $23.03.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $95.42 million for the quarter, compared to the consensus estimate of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The firm's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, research analysts predict that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, September 30th. Acadia Realty Trust's dividend payout ratio is currently 235.29%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial raised their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings raised Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, July 14th. Jefferies Financial Group raised Acadia Realty Trust to a "strong-buy" rating in a report on Friday, June 26th. Finally, Citigroup boosted their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.20.

About Acadia Realty Trust

Acadia Realty Trust NYSE: AKR is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia's portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.

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