First Trust Advisors LP Raises Stock Holdings in Acadia Realty Trust $AKR

Key Points

• First Trust Advisors LP increased its Acadia Realty Trust stake by 247.1% in the first quarter, bringing its holdings to 82,027 shares valued at approximately $1.57 million. Institutional investors collectively own 97.65% of AKR.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $24.00, compared with the stock’s reported opening price of $20.67.
• Acadia reported quarterly EPS of $0.05, below the $0.30 consensus estimate, while revenue of $95.42 million exceeded expectations. The company declared a quarterly dividend of $0.20, implying a 3.9% annualized yield, although its payout ratio is high at 235.29%.

First Trust Advisors LP raised its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 247.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,027 shares of the real estate investment trust's stock after purchasing an additional 58,395 shares during the quarter. First Trust Advisors LP owned 0.06% of Acadia Realty Trust worth $1,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Acadia Realty Trust by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,012 shares of the real estate investment trust's stock worth $616,000 after acquiring an additional 500 shares during the period. State of Wyoming raised its stake in shares of Acadia Realty Trust by 10.8% during the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 543 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of 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 valued at $41,000 after buying an additional 547 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Acadia Realty Trust by 2.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 19,389 shares of the real estate investment trust's stock worth $398,000 after buying an additional 554 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Acadia Realty Trust by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 34,520 shares of the real estate investment trust's stock worth $709,000 after acquiring an additional 624 shares during the period. Institutional investors and hedge funds own 97.65% of the company's stock.

Wall Street Analysts Forecast Growth

AKR has been the topic of several recent research reports. Weiss Ratings upgraded Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. KeyCorp restated a "sector weight" rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. LADENBURG THALM/SH SH raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and set a $24.00 price target for the company in a report on Thursday, April 30th. Wall Street Zen lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Citigroup upped their target price on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Acadia Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Acadia Realty Trust Price Performance

Shares of AKR opened at $20.67 on Monday. The company has a 50 day moving average of $21.73 and a two-hundred day moving average of $21.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a twelve month low of $18.14 and a twelve month high of $23.03. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The firm had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.Acadia Realty Trust's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, analysts predict that Acadia Realty Trust will post 1.25 earnings per share 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. Stockholders of record on Wednesday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust's payout ratio is 235.29%.

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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