Acadia Realty Trust $AKR Position Increased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Acadia Realty Trust by 90.7%, owning 283,555 shares valued at approximately $5.94 million as of the most recent SEC filing.
• Acadia Realty Trust recently reported a net revenue increase of 15.3% year-over-year, with a quarterly revenue of $98.30 million, although it missed earnings expectations by $0.01.
• The company declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 4.1%, despite a high dividend payout ratio of 500%.

Russell Investments Group Ltd. grew its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 90.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,555 shares of the real estate investment trust's stock after acquiring an additional 134,897 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Acadia Realty Trust worth $5,940,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Natixis Advisors LLC grew its stake in shares of Acadia Realty Trust by 1.4% in the first 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 in the last quarter. Captrust Financial Advisors grew its stake in shares of Acadia Realty Trust by 2.1% in the fourth 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Acadia Realty Trust by 1.3% in the fourth 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 in the last quarter. Mariner LLC grew its stake in shares of Acadia Realty Trust by 2.5% in the fourth quarter. Mariner LLC now owns 44,221 shares of the real estate investment trust's stock valued at $1,068,000 after buying an additional 1,080 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Acadia Realty Trust by 1.8% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

Acadia Realty Trust Stock Performance

NYSE:AKR traded down $0.11 during trading hours on Tuesday, reaching $19.65. 1,958,455 shares of the stock were exchanged, compared to its average volume of 1,570,996. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $18.84 and a 200-day simple moving average of $19.97. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $26.29. The stock has a market capitalization of $2.57 billion, a P/E ratio of 122.79, a P/E/G ratio of 3.93 and a beta of 1.41.

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 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The firm had revenue of $98.30 million for the quarter, compared to the consensus estimate of $81.89 million. During the same period in the prior year, the business earned $0.31 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, sell-side analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company 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. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's dividend payout ratio (DPR) is currently 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.