EntryPoint Capital LLC Invests $318,000 in Acadia Realty Trust $AKR

Key Points

• EntryPoint Capital LLC has acquired a new stake in Acadia Realty Trust (NYSE:AKR), purchasing 15,192 shares valued at approximately $318,000 in the first quarter.
• Acadia Realty Trust has announced a quarterly dividend of $0.20, yielding 4.1%, to be paid on October 15th to stockholders of record.
• The company reported a 15.3% increase in revenue for the last quarter, totaling $98.30 million, despite missing EPS estimates by $0.01.

EntryPoint Capital LLC bought a new position in Acadia Realty Trust (NYSE:AKR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,192 shares of the real estate investment trust's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AKR. GF Fund Management CO. LTD. acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth approximately $46,000. Sandia Investment Management LP acquired a new stake in shares of Acadia Realty Trust during the fourth quarter worth $121,000. Walleye Capital LLC bought a new position in shares of Acadia Realty Trust in the 4th quarter valued at about $224,000. Cetera Investment Advisers bought a new position in shares of Acadia Realty Trust in the 4th quarter valued at about $257,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Acadia Realty Trust during the 4th quarter worth about $295,000. Institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Trading Up 1.5%

Acadia Realty Trust stock traded up $0.29 during mid-day trading on Wednesday, reaching $19.89. 231,976 shares of the company traded hands, compared to its average volume of 1,252,677. 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's 50 day moving average price is $18.84 and its 200 day moving average price is $19.97. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 124.35, a P/E/G ratio of 3.93 and a beta of 1.41. 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 announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). The firm had revenue of $98.30 million during 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 business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. 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 fiscal year.

Acadia Realty Trust Dividend Announcement

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 $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analyst Upgrades and Downgrades

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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.