Acadia Realty Trust $AKR Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its holdings in Acadia Realty Trust by 38.2%, selling 16,357 shares and retaining a total of 26,408 shares valued at approximately $553,000.
• Despite Vident's reduction, other institutional investors like GAMMA Investing LLC have significantly increased their positions, showcasing a diverse shift in investor sentiment towards Acadia Realty Trust.
• Acadia Realty Trust announced a quarterly dividend of $0.20 per share, which constitutes a 4.0% dividend yield with an exceptionally high payout ratio of 500.00%.

Vident Advisory LLC trimmed its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 38.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,408 shares of the real estate investment trust's stock after selling 16,357 shares during the quarter. Vident Advisory LLC's holdings in Acadia Realty Trust were worth $553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Acadia Realty Trust by 2,163.7% during the 1st quarter. GAMMA Investing LLC now owns 68,025 shares of the real estate investment trust's stock worth $1,425,000 after acquiring an additional 65,020 shares in the last quarter. Principal Financial Group Inc. raised its stake in Acadia Realty Trust by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 670,957 shares of the real estate investment trust's stock worth $14,057,000 after acquiring an additional 16,957 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Acadia Realty Trust during the 1st quarter worth $411,000. Bank of New York Mellon Corp raised its stake in Acadia Realty Trust by 10.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,227,613 shares of the real estate investment trust's stock worth $25,718,000 after acquiring an additional 116,855 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Acadia Realty Trust by 12.3% during the 1st quarter. Arizona State Retirement System now owns 34,321 shares of the real estate investment trust's stock worth $719,000 after acquiring an additional 3,753 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock traded up $0.40 on Friday, reaching $20.17. 2,141,544 shares of the stock were exchanged, compared to its average volume of 1,301,148. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. 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 business has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $19.67. The firm has a market capitalization of $2.64 billion, a PE ratio of 126.07, a PEG ratio of 3.96 and a beta of 1.48.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (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 firm had revenue of $98.30 million for the quarter, compared to analyst estimates of $81.89 million. During the same quarter last year, the firm earned $0.31 earnings per share. The company's 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, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Acadia Realty Trust's payout ratio is 500.00%.

Analysts Set New Price Targets

A number of research firms have commented on AKR. LADENBURG THALM/SH SH began coverage on shares of Acadia Realty Trust in a research note on Tuesday. They issued a "neutral" rating and a $21.00 price objective on the stock. Citigroup upgraded shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $23.00 in a research note on Friday. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Acadia Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target 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.