Nuveen LLC Makes New $5.82 Million Investment in Acadia Realty Trust $AKR

Key Points

• Nuveen LLC has acquired a new stake in Acadia Realty Trust, purchasing 278,004 shares valued at approximately $5.8 million, representing about 0.21% ownership.
• Acadia Realty Trust recently announced a quarterly dividend of $0.20, yielding 4.0%, which will be paid on October 15th to investors of record.
• Despite a miss on earnings with $0.32 EPS against an expected $0.33, Acadia Realty Trust reported a revenue increase of 15.3% compared to the same quarter last year.

Nuveen LLC acquired a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 278,004 shares of the real estate investment trust's stock, valued at approximately $5,824,000. Nuveen LLC owned about 0.21% of Acadia Realty Trust as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in Acadia Realty Trust by 1.4% in the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $801,000 after buying an additional 529 shares during the last quarter. Captrust Financial Advisors boosted its position in Acadia Realty Trust by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust's stock valued at $843,000 after buying an additional 731 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Acadia Realty Trust by 1.3% in 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 buying an additional 764 shares during the last quarter. California State Teachers Retirement System boosted its position in Acadia Realty Trust by 1.8% in 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 buying an additional 1,749 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in shares of Acadia Realty Trust in the 4th quarter worth $46,000. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Trading Down 0.2%

Shares of NYSE:AKR traded down $0.05 during midday trading on Friday, hitting $20.02. The company had a trading volume of 1,558,754 shares, compared to its average volume of 1,352,485. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month 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. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 125.10, a PEG ratio of 3.98 and a beta of 1.48. The firm has a fifty day simple moving average of $18.89 and a 200 day simple moving average of $19.86.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly 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 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 firm's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. On average, analysts predict that Acadia Realty Trust will post 1.34 EPS for the current 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 issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.0%. Acadia Realty Trust's payout ratio is currently 500.00%.

Analyst Ratings Changes

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

Acadia Realty Trust Company 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.