Vanguard Group Inc. Has $389.31 Million Stake in Acadia Realty Trust $AKR

Key Points

• Vanguard Group Inc. increased its holdings in Acadia Realty Trust by 2.7%, acquiring an additional 485,394 shares, bringing its total ownership to 18,582,662 shares, valued at approximately $389.3 million.
• Acadia Realty Trust recently declared a quarterly dividend of $0.20, representing a 4.2% yield based on an annualized payout.
• Following a recent earnings report, analysts have downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating due to its mixed performance against expectations.

Vanguard Group Inc. boosted its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,582,662 shares of the real estate investment trust's stock after acquiring an additional 485,394 shares during the quarter. Vanguard Group Inc. owned 14.19% of Acadia Realty Trust worth $389,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new stake in Acadia Realty Trust in the fourth quarter valued at about $46,000. Sterling Capital Management LLC increased its stake in Acadia Realty Trust by 960.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 3,344 shares during the period. Sandia Investment Management LP bought a new stake in Acadia Realty Trust in the fourth quarter valued at about $121,000. Walleye Capital LLC bought a new stake in Acadia Realty Trust in the fourth quarter valued at about $224,000. Finally, Cetera Investment Advisers bought a new stake in Acadia Realty Trust in the fourth quarter valued at about $257,000. Institutional investors own 97.65% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of 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.com, Acadia Realty Trust has an average rating of "Buy" and an average target price of $25.00.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock traded down $0.0950 during trading hours on Wednesday, hitting $19.2850. 988,683 shares of the stock were exchanged, compared to its average volume of 1,535,103. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $2.53 billion, a P/E ratio of 120.54, a P/E/G ratio of 3.86 and a beta of 1.41. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The business's 50-day moving average is $18.81 and its two-hundred day moving average is $20.09.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 company posted $0.31 earnings per share. Acadia Realty Trust'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. Equities research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's payout ratio is currently 500.00%.

Acadia Realty Trust Company 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.