Strs Ohio Acquires New Shares in Acadia Realty Trust $AKR

Strs Ohio acquired 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 Form 13F filing with the SEC. The firm acquired 22,100 shares of the real estate investment trust's stock, valued at approximately $463,000.

Several other hedge funds also recently modified their holdings of AKR. GF Fund Management CO. LTD. acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $46,000. Cetera Investment Advisers acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $257,000. Jefferies Financial Group Inc. acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $295,000. EntryPoint Capital LLC acquired a new stake in shares of Acadia Realty Trust during the 1st quarter valued at $318,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Acadia Realty Trust during the 1st quarter valued at $364,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $20.12 on Tuesday. Acadia Realty Trust has a one year low of $16.98 and a one year high of $26.29. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 125.76, a PEG ratio of 4.08 and a beta of 1.48. The business has a 50-day simple moving average of $19.35 and a 200 day simple moving average of $19.51. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued 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 net margin of 5.31% and a return on equity of 0.79%. The firm had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The business'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. On average, research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed 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 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's payout ratio is currently 500.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a report on Tuesday, September 9th. They set a "neutral" rating and a $21.00 price objective on the stock. Wall Street Zen lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Citigroup raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $20.00 to $23.00 in a research report on Friday, September 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

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.

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