Edgestream Partners L.P. Acquires 99,653 Shares of Acadia Realty Trust $AKR

Edgestream Partners L.P. raised its holdings in Acadia Realty Trust (NYSE:AKR) by 86.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,176 shares of the real estate investment trust’s stock after acquiring an additional 99,653 shares during the period. Edgestream Partners L.P.’s holdings in Acadia Realty Trust were worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC grew its position in shares of Acadia Realty Trust by 1.4% in the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $801,000 after purchasing an additional 529 shares during the period. Vanguard Group Inc. lifted its stake in Acadia Realty Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust’s stock valued at $389,307,000 after buying an additional 485,394 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Acadia Realty Trust by 3.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 81,722 shares of the real estate investment trust’s stock valued at $1,712,000 after buying an additional 3,000 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Acadia Realty Trust by 11.9% in the first quarter. Swiss National Bank now owns 231,800 shares of the real estate investment trust’s stock valued at $4,856,000 after buying an additional 24,600 shares during the period. Finally, Wolverine Asset Management LLC increased its position in shares of Acadia Realty Trust by 7,493.1% during the first quarter. Wolverine Asset Management LLC now owns 120,654 shares of the real estate investment trust’s stock worth $2,528,000 after acquiring an additional 119,065 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

AKR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Friday, September 12th. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Truist Financial reduced their price objective on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Stock Down 0.4%

Shares of AKR stock opened at $19.70 on Thursday. The firm’s fifty day moving average price is $19.83 and its two-hundred day moving average price is $19.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $25.83. The firm has a market capitalization of $2.58 billion, a P/E ratio of 164.18, a PEG ratio of 3.28 and a beta of 1.12.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.Acadia Realty Trust’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, equities analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 666.67%.

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.