Odyssean LLC Has $2.81 Million Stock Holdings in Acadia Realty Trust $AKR

Key Points

• Odyssean LLC nearly doubled its Acadia Realty Trust stake in the second quarter, purchasing 64,545 additional shares to own 134,577 shares worth approximately $2.81 million. Institutional investors and hedge funds collectively own 97.65% of AKR.
• Analysts have generally become more bullish, with the stock carrying a consensus “Moderate Buy” rating and a $24.20 average price target, compared with its reported opening price of $21.25.
• Acadia reported quarterly EPS of $0.05, below the $0.30 consensus estimate, while revenue exceeded expectations at $95.42 million. The REIT declared a quarterly dividend of $0.20 per share, representing a 3.8% annualized yield.

Odyssean LLC increased its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 92.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,577 shares of the real estate investment trust's stock after purchasing an additional 64,545 shares during the quarter. Odyssean LLC owned approximately 0.10% of Acadia Realty Trust worth $2,814,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock worth $41,000 after buying an additional 547 shares during the period. Danske Bank A S boosted its stake in Acadia Realty Trust by 600.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 1,800 shares during the last quarter. Nykredit A S bought a new position in Acadia Realty Trust in the second quarter valued at approximately $47,000. Raymond James Financial Inc. acquired a new stake in Acadia Realty Trust during the 2nd quarter worth $47,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 2,309 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AKR. KeyCorp raised Acadia Realty Trust from a "sector weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a research note on Tuesday, August 18th. Jefferies Financial Group upgraded Acadia Realty Trust to a "strong-buy" rating in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Acadia Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.20.

Acadia Realty Trust Price Performance

NYSE AKR opened at $21.25 on Wednesday. The firm's 50 day moving average is $21.49 and its 200-day moving average is $21.13. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.92 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.10. Acadia Realty Trust has a 12-month low of $18.61 and a 12-month high of $23.03.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $95.42 million during the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The firm's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Equities research analysts anticipate that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. Acadia Realty Trust's payout ratio is 235.29%.

Acadia Realty Trust Company Profile

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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