Magnetar Financial LLC Takes Position in Acadia Realty Trust $AKR

Key Points

• Magnetar Financial LLC has acquired 27,397 shares of Acadia Realty Trust valued at approximately $574,000, marking a new investment in the company.
• Acadia Realty Trust reported a lower-than-expected earnings per share of $0.32, missing estimates by $0.01, but its revenue exceeded expectations with a 15.3% year-over-year increase.
• The company has declared a quarterly dividend of $0.20, representing an annualized yield of 4.0%, with a high dividend payout ratio of 500%.

Magnetar Financial LLC bought a new stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,397 shares of the real estate investment trust's stock, valued at approximately $574,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of Acadia Realty Trust by 1.4% during the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $801,000 after purchasing an additional 529 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Acadia Realty Trust by 2.1% during the 4th quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust's stock valued at $843,000 after purchasing an additional 731 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Acadia Realty Trust by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust's stock valued at $1,389,000 after purchasing an additional 764 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Acadia Realty Trust by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 99,366 shares of the real estate investment trust's stock valued at $2,401,000 after purchasing an additional 1,749 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Acadia Realty Trust during the 4th quarter valued at about $46,000. Institutional investors own 97.65% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Acadia Realty Trust presently has an average rating of "Buy" and a consensus target price of $25.00.

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock traded down $0.00 during midday trading on Friday, hitting $20.13. The stock had a trading volume of 1,395,396 shares, compared to its average volume of 1,232,156. The firm's fifty day moving average is $19.02 and its two-hundred day moving average is $19.76. The company has a market capitalization of $2.64 billion, a PE ratio of 125.80, a P/E/G ratio of 4.03 and a beta of 1.48. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results 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 firm had revenue of $98.30 million during the quarter, compared to analysts' expectations 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, research analysts forecast that Acadia Realty Trust will post 1.34 EPS 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. Acadia Realty Trust's dividend payout ratio (DPR) 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.