Louisiana State Employees Retirement System Invests $1.11 Million in Acadia Realty Trust $AKR

Key Points

• Louisiana State Employees Retirement System bought a new stake in Acadia Realty Trust, purchasing 58,100 shares valued at about $1.11 million in the first quarter.
• Institutional ownership remains very high, with hedge funds and asset managers owning 97.65% of the company’s stock, while insider selling included EVP Reginald Livingston offloading 25,000 shares.
• Acadia Realty Trust reported better-than-expected quarterly earnings of $0.22 per share and revenue of $102.99 million, and it also declared a quarterly dividend of $0.20 per share for a 3.8% annualized yield.

Louisiana State Employees Retirement System purchased a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 58,100 shares of the real estate investment trust's stock, valued at approximately $1,111,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Acadia Realty Trust by 83.2% in the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust's stock valued at $885,000 after acquiring an additional 19,184 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Acadia Realty Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust's stock valued at $1,461,000 after purchasing an additional 3,045 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Acadia Realty Trust by 31.1% in the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust's stock valued at $16,993,000 after purchasing an additional 192,267 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Acadia Realty Trust by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust's stock worth $17,145,000 after purchasing an additional 82,974 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Acadia Realty Trust during the 1st quarter worth $1,284,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Insiders Place Their Bets

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the firm's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares in the company, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Acadia Realty Trust from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, March 20th. Weiss Ratings upgraded Acadia Realty Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. Zacks Research upgraded Acadia Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Finally, KeyCorp reissued a "sector weight" rating on shares of Acadia Realty Trust in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Acadia Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $23.50.

Acadia Realty Trust Trading Down 0.1%

Shares of NYSE AKR opened at $21.25 on Friday. Acadia Realty Trust has a fifty-two week low of $18.04 and a fifty-two week high of $22.90. The firm has a market capitalization of $2.84 billion, a P/E ratio of 70.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. The company's 50 day simple moving average is $21.63 and its 200 day simple moving average is $20.86.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.17. The firm had revenue of $102.99 million during the quarter, compared to analyst estimates of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, analysts predict that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Acadia Realty Trust's dividend payout ratio is currently 266.67%.

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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