Cubist Systematic Strategies LLC Makes New $7.99 Million Investment in Acadia Realty Trust $AKR

Key Points

• Cubist Systematic Strategies LLC has acquired 381,570 shares of Acadia Realty Trust, valued at approximately $7.99 million, representing about 0.29% of the company's stock as of the latest reporting period.
• Acadia Realty Trust's stock rating was downgraded from "hold" to "sell" by Wall Street Zen, despite having two analysts rating it as a "buy" with a consensus price target of $25.00.
• The company recently announced a quarterly dividend of $0.20 per share, with a dividend yield of 4.0%, and has a high dividend payout ratio of 500%.

Cubist Systematic Strategies LLC acquired a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 381,570 shares of the real estate investment trust's stock, valued at approximately $7,994,000. Cubist Systematic Strategies LLC owned about 0.29% of Acadia Realty Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AKR. GF Fund Management CO. LTD. acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $46,000. Sandia Investment Management LP acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $121,000. Cetera Investment Advisers acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $257,000. Jefferies Financial Group Inc. acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $295,000. Finally, EntryPoint Capital LLC acquired a new position in Acadia Realty Trust during the first quarter worth $318,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

AKR traded down $0.35 on Monday, hitting $19.76. 161,343 shares of the stock were exchanged, compared to its average volume of 1,255,030. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The business has a 50-day moving average of $19.02 and a two-hundred day moving average of $19.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 123.51, a PEG ratio of 4.03 and a beta of 1.48.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $98.30 million for the quarter, compared to the consensus estimate of $81.89 million. Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Acadia Realty Trust 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.