Invesco Ltd. Has $22.09 Million Position in Acadia Realty Trust $AKR

Key Points

• Invesco Ltd. increased its stake in Acadia Realty Trust by 2.5%, reaching a total of $22.09 million in holdings after acquiring 25,328 additional shares.
• Acadia Realty Trust reported quarterly earnings with $0.32 EPS, slightly missing expectations, while revenue surged 15.3% year-over-year.
• The company has declared a quarterly dividend of $0.20 per share, resulting in an annualized yield of 4.1% with a payout ratio of 500%.

Invesco Ltd. lifted its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,054,536 shares of the real estate investment trust's stock after buying an additional 25,328 shares during the period. Invesco Ltd. owned approximately 0.81% of Acadia Realty Trust worth $22,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Acadia Realty Trust in the 1st quarter worth $411,000. Wolverine Asset Management LLC raised its stake in shares of Acadia Realty Trust by 7,493.1% in the 1st quarter. Wolverine Asset Management LLC now owns 120,654 shares of the real estate investment trust's stock worth $2,528,000 after buying an additional 119,065 shares in the last quarter. Swiss National Bank lifted its position in shares of Acadia Realty Trust by 11.9% during the 1st quarter. Swiss National Bank now owns 231,800 shares of the real estate investment trust's stock valued at $4,856,000 after acquiring an additional 24,600 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Acadia Realty Trust by 3.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 81,722 shares of the real estate investment trust's stock valued at $1,712,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Acadia Realty Trust by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust's stock valued at $389,307,000 after acquiring an additional 485,394 shares during the last quarter. Institutional investors own 97.65% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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, According to MarketBeat.com, Acadia Realty Trust presently has an average rating of "Buy" and a consensus price target of $25.00.

Acadia Realty Trust Stock Down 0.5%

Acadia Realty Trust stock traded down $0.11 during mid-day trading on Tuesday, hitting $19.65. 1,958,455 shares of the company's stock were exchanged, compared to its average volume of 1,570,996. 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 stock has a market cap of $2.57 billion, a P/E ratio of 122.79, a P/E/G ratio of 3.93 and a beta of 1.41. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The stock has a 50 day moving average of $18.84 and a two-hundred day moving average of $19.97.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 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 quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, analysts anticipate that Acadia Realty Trust will post 1.34 EPS 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's dividend payout ratio is presently 500.00%.

About Acadia Realty Trust

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.