Charles Schwab Investment Management Inc. Sells 54,925 Shares of Acadia Realty Trust $AKR

Charles Schwab Investment Management Inc. decreased its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,095,659 shares of the real estate investment trust's stock after selling 54,925 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.60% of Acadia Realty Trust worth $43,904,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in shares of Acadia Realty Trust during the fourth quarter valued at $46,000. Sterling Capital Management LLC lifted its holdings in shares of Acadia Realty Trust by 960.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 3,344 shares during the last quarter. Sandia Investment Management LP purchased a new stake in shares of Acadia Realty Trust during the fourth quarter valued at $121,000. Walleye Capital LLC purchased a new stake in shares of Acadia Realty Trust during the fourth quarter valued at $224,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Acadia Realty Trust during the fourth quarter valued at $257,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Stock Up 3.9%

Acadia Realty Trust stock traded up $0.7550 during mid-day trading on Friday, hitting $20.1950. The company's stock had a trading volume of 218,479 shares, compared to its average volume of 1,243,001. The firm's 50 day moving average is $18.81 and its 200 day moving average is $20.06. The company has a market cap of $2.65 billion, a PE ratio of 125.70, a price-to-earnings-growth ratio of 3.84 and a beta of 1.41. 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 has a 52-week low of $16.98 and a 52-week high of $26.29.

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 for the quarter, missing the consensus estimate 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 firm had revenue of $98.30 million during the quarter, compared to analyst estimates of $81.89 million. During the same period in the previous year, the company earned $0.31 earnings per share. The business'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, analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Acadia Realty Trust currently has an average rating of "Buy" and an average price target of $25.00.

Acadia Realty Trust Company Profile

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.