Bank of New York Mellon Corp Acquires Shares of 1,211,855 Acadia Realty Trust $AKR

Key Points

• Bank of New York Mellon acquired 1.21 million shares of Acadia Realty Trust, valued at approximately $25.34 million, giving it a 0.88% stake. 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 but declined 5.1% year over year.
• The REIT declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 payout and a 3.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $24.20.

Bank of New York Mellon Corp bought a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,211,855 shares of the real estate investment trust's stock, valued at approximately $25,340,000. Bank of New York Mellon Corp owned 0.88% of Acadia Realty Trust at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AKR. Danske Bank A S boosted its holdings 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 valued at $43,000 after acquiring an additional 1,800 shares during the period. Osaic Holdings Inc. increased its stake in Acadia Realty Trust by 32.8% in 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 period. Raymond James Financial Inc. bought a new stake in Acadia Realty Trust during the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC lifted its holdings in 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 valued at $55,000 after buying an additional 2,309 shares in the last quarter. Finally, Covestor Ltd boosted its position 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 period. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Stock Performance

Shares of AKR stock opened at $20.75 on Monday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 61.03, a PEG ratio of 2.12 and a beta of 1.10. Acadia Realty Trust has a 52-week low of $18.61 and a 52-week high of $23.03. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. The company's 50 day moving average is $21.47 and its 200 day moving average is $21.12.

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

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. Acadia Realty Trust's dividend payout ratio is presently 235.29%.

Wall Street Analysts Forecast Growth

AKR has been the topic of a number of research reports. Weiss Ratings raised shares of Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. KeyCorp raised Acadia Realty Trust from a "sector weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research note on Tuesday, August 18th. Citigroup raised their price objective on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Jefferies Financial Group raised Acadia Realty Trust to a "strong-buy" rating in a research report on Friday, June 26th. Finally, Wall Street Zen upgraded Acadia Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.20.

Acadia Realty Trust Company Profile

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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