Acadia Realty Trust $AKR Shares Purchased by Swiss National Bank

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 stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 231,800 shares of the real estate investment trust's stock after buying an additional 24,600 shares during the period. Swiss National Bank owned approximately 0.18% of Acadia Realty Trust worth $4,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake 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 during the period. Captrust Financial Advisors increased its stake 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 during the period. The Manufacturers Life Insurance Company increased its stake 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 during the period. Mariner LLC increased its stake 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 during the period. Finally, California State Teachers Retirement System increased its stake 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 during the period. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Stock Up 3.1%

Shares of Acadia Realty Trust stock traded up $0.5950 on Friday, reaching $20.0350. 1,543,659 shares of the company were exchanged, compared to its average volume of 1,539,471. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The company has a market cap of $2.62 billion, a P/E ratio of 125.23, a price-to-earnings-growth ratio of 3.87 and a beta of 1.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The stock's 50 day moving average price is $18.82 and its 200-day moving average price is $20.04.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $98.30 million for the quarter, compared to analyst estimates of $81.89 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, equities analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.