Swiss National Bank Raises Stock Holdings in Acadia Realty Trust $AKR

Key Points

• The Swiss National Bank increased its stake in Acadia Realty Trust by 11.9% during the first quarter, acquiring an additional 24,600 shares, bringing its total to 231,800 shares valued at approximately $4.86 million.
• Acadia Realty Trust reported a quarterly earnings per share of $0.32, slightly missing analysts' expectations, but its revenue of $98.30 million surpassed estimates and reflected a 15.3% increase year-over-year.
• The company declared a quarterly dividend of $0.20 per share, which will be paid on October 15th, representing a dividend yield of 4.1% and a payout ratio of 500%.

Swiss National Bank boosted its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 231,800 shares of the real estate investment trust's stock after purchasing an additional 24,600 shares during the quarter. Swiss National Bank owned approximately 0.18% of Acadia Realty Trust worth $4,856,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in Acadia Realty Trust by 1.4% during the first quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust's stock worth $801,000 after purchasing an additional 529 shares in the last quarter. Captrust Financial Advisors boosted its position in Acadia Realty Trust by 2.1% during the fourth quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust's stock worth $843,000 after purchasing an additional 731 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Acadia Realty Trust by 1.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust's stock worth $1,389,000 after purchasing an additional 764 shares in the last quarter. Mariner LLC boosted its position in Acadia Realty Trust by 2.5% during the fourth quarter. Mariner LLC now owns 44,221 shares of the real estate investment trust's stock worth $1,068,000 after purchasing an additional 1,080 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Acadia Realty Trust by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 99,366 shares of the real estate investment trust's stock worth $2,401,000 after purchasing an additional 1,749 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Trading Down 1.4%

NYSE:AKR traded down $0.2730 on Monday, hitting $19.7670. 1,783,012 shares of the stock were exchanged, compared to its average volume of 1,558,519. The stock has a market cap of $2.59 billion, a PE ratio of 123.55, a PEG ratio of 3.99 and a beta of 1.41. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $18.83 and a 200-day moving average of $19.97. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $98.30 million for the quarter, compared to analyst estimates of $81.89 million. Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The business's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, equities analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. Acadia Realty Trust's dividend payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

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

Acadia Realty Trust Profile

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.