Acadia Realty Trust $AKR Shares Acquired by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC increased its stake in Acadia Realty Trust by 67.8% during the first quarter, owning approximately 0.06% of the company valued at $1.65 million.
• Acadia Realty Trust's stock was recently rated as a "sell" by Wall Street Zen, despite having a consensus rating of "Buy" with a target price of $25.00.
• The company declared a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 4.0% and a payout ratio of 500.00%.

FJ Capital Management LLC raised its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 67.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,955 shares of the real estate investment trust's stock after purchasing an additional 31,893 shares during the period. FJ Capital Management LLC owned about 0.06% of Acadia Realty Trust worth $1,654,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Acadia Realty Trust in the first quarter worth approximately $7,994,000. Royal Bank of Canada lifted its position in Acadia Realty Trust by 83.2% during the first quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust's stock worth $885,000 after buying an additional 19,184 shares in the last quarter. Magnetar Financial LLC purchased a new position in Acadia Realty Trust during the first quarter worth approximately $574,000. Groupe la Francaise purchased a new stake in Acadia Realty Trust in the first quarter valued at $489,000. Finally, AlphaQuest LLC purchased a new stake in Acadia Realty Trust in the first quarter valued at $1,318,000. 97.65% of the stock is owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 0.0%

AKR traded down $0.00 on Friday, hitting $20.13. 1,395,396 shares of the company were exchanged, compared to its average volume of 1,232,156. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $26.29. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 125.80, a price-to-earnings-growth ratio of 4.03 and a beta of 1.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $19.02 and a two-hundred day moving average price of $19.78.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $98.30 million for the quarter, compared to analyst estimates 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 was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. On average, equities analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed 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 dividend payout ratio is currently 500.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average 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.