Strs Ohio Has $2.57 Million Stock Position in Acadia Realty Trust $AKR

Strs Ohio increased its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 421.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,200 shares of the real estate investment trust's stock after buying an additional 101,200 shares during the quarter. Strs Ohio owned 0.10% of Acadia Realty Trust worth $2,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Acadia Realty Trust by 0.6% in the third quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust's stock worth $401,783,000 after acquiring an additional 114,473 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Acadia Realty Trust by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 511,079 shares of the real estate investment trust's stock valued at $10,298,000 after purchasing an additional 64,644 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Acadia Realty Trust by 80.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 73,453 shares of the real estate investment trust's stock worth $1,480,000 after purchasing an additional 32,827 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Acadia Realty Trust during the 3rd quarter worth approximately $64,526,000. Finally, SG Americas Securities LLC lifted its stake in Acadia Realty Trust by 15,825.5% in the 4th quarter. SG Americas Securities LLC now owns 1,254,292 shares of the real estate investment trust's stock valued at $25,763,000 after purchasing an additional 1,246,416 shares during the last quarter. Institutional investors own 97.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AKR. Wall Street Zen raised shares of Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. raised their price objective on Acadia Realty Trust from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, March 20th. Weiss Ratings restated a "hold (c)" rating on shares of Acadia Realty Trust in a research report on Monday, April 20th. Zacks Research raised Acadia Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Finally, Citigroup increased their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Acadia Realty Trust Trading Up 1.3%

Shares of NYSE AKR opened at $21.99 on Wednesday. The firm has a 50 day moving average price of $20.47 and a two-hundred day moving average price of $20.31. The stock has a market cap of $2.94 billion, a P/E ratio of 73.31, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. Acadia Realty Trust has a 52-week low of $18.04 and a 52-week high of $22.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.17.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.17. The company had revenue of $102.99 million for the quarter, compared to analyst estimates of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. Acadia Realty Trust's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. As a group, equities analysts forecast that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. Acadia Realty Trust's dividend payout ratio is presently 266.67%.

Acadia Realty Trust 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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