Quantinno Capital Management LP Buys 87,870 Shares of Acadia Realty Trust $AKR

Key Points

• Quantinno Capital Management increased its Acadia Realty Trust stake by 293.3%, buying 87,870 shares to hold 117,831 shares valued at approximately $2.25 million. Institutional investors collectively own 97.65% of the REIT.
• Acadia reported quarterly EPS of $0.05, missing the $0.30 consensus estimate, while revenue of $95.42 million exceeded expectations but fell 5.1% year over year. The stock opened at $20.28, down 1.8%.
• The company declared a quarterly dividend of $0.20, representing an annualized payout of $0.80 and a 3.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $24.00.

Quantinno Capital Management LP boosted its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 293.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,831 shares of the real estate investment trust's stock after acquiring an additional 87,870 shares during the period. Quantinno Capital Management LP owned 0.09% of Acadia Realty Trust worth $2,253,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Osaic Holdings Inc. grew its position in shares of Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 547 shares in the last quarter. Danske Bank A S increased its holdings in shares of 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 worth $43,000 after purchasing an additional 1,800 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Acadia Realty Trust in the second quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its stake in Acadia Realty Trust by 342.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 2,309 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Acadia Realty Trust by 62,000.0% during the fourth quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust's stock valued at $77,000 after buying an additional 3,720 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Down 1.8%

NYSE AKR opened at $20.28 on Tuesday. 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 fifty day moving average of $21.70 and a two-hundred day moving average of $21.05. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 59.65, a PEG ratio of 1.88 and a beta of 1.10. Acadia Realty Trust has a 52 week low of $18.14 and a 52 week high of $23.03.

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

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.9%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 235.29%.

Analyst Ratings Changes

A number of analysts have issued reports on AKR shares. KeyCorp reaffirmed a "sector weight" rating on shares of Acadia Realty Trust in a research note on Monday, June 15th. Wall Street Zen downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. 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 report on Thursday, April 30th. 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. Finally, Citigroup upped their price target on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.00.

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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