Invesco Ltd. Has $22.09 Million Stock 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. grew its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,054,536 shares of the real estate investment trust's stock after buying an additional 25,328 shares during the quarter. Invesco Ltd. owned 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 have also recently made changes to their positions in AKR. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Acadia Realty Trust during the first quarter valued at about $36,166,000. Balyasny Asset Management L.P. acquired a new position in shares of Acadia Realty Trust during the fourth quarter valued at about $38,508,000. Deprince Race & Zollo Inc. acquired a new position in shares of Acadia Realty Trust during the fourth quarter valued at about $33,107,000. Northern Trust Corp boosted its holdings in Acadia Realty Trust by 73.1% during the fourth quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock worth $47,646,000 after purchasing an additional 832,794 shares during the last quarter. Finally, Hudson Bay Capital Management LP boosted its holdings in Acadia Realty Trust by 80.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 1,480,402 shares of the real estate investment trust's stock worth $35,767,000 after purchasing an additional 658,767 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 0.5%

Acadia Realty Trust stock opened at $19.2850 on Thursday. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29. The stock has a market cap of $2.53 billion, a PE ratio of 120.54, a price-to-earnings-growth ratio of 3.86 and a beta of 1.41. The firm's 50-day simple moving average is $18.81 and its 200 day simple moving average is $20.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings data 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 company 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 was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business 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. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Acadia Realty Trust's payout ratio is presently 500.00%.

Analyst Ratings Changes

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

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