Nomura Asset Management Co. Ltd. Purchases 19,600 Shares of Acadia Realty Trust $AKR

Nomura Asset Management Co. Ltd. grew its position in shares of Acadia Realty Trust (NYSE:AKR) by 11.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 183,700 shares of the real estate investment trust’s stock after acquiring an additional 19,600 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.14% of Acadia Realty Trust worth $3,411,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Acadia Realty Trust by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust’s stock valued at $389,307,000 after purchasing an additional 485,394 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Acadia Realty Trust by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,912,725 shares of the real estate investment trust’s stock valued at $186,723,000 after buying an additional 83,850 shares during the period. Geode Capital Management LLC grew its stake in Acadia Realty Trust by 10.6% in the second quarter. Geode Capital Management LLC now owns 3,367,692 shares of the real estate investment trust’s stock worth $62,546,000 after purchasing an additional 322,607 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Acadia Realty Trust by 26.8% during the 1st quarter. Alliancebernstein L.P. now owns 3,076,073 shares of the real estate investment trust’s stock worth $64,444,000 after buying an additional 649,459 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Acadia Realty Trust by 4.5% in the 1st quarter. Northern Trust Corp now owns 2,060,082 shares of the real estate investment trust’s stock valued at $43,159,000 after purchasing an additional 87,978 shares in the last quarter. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Stock Up 2.5%

AKR stock opened at $20.15 on Friday. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 167.93, a PEG ratio of 2.78 and a beta of 1.44. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $19.81 and a two-hundred day moving average of $19.42.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $101.01 million for the quarter, compared to analyst estimates of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio is presently 666.67%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price objective on the stock. Zacks Research downgraded Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a research report on Friday, September 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Acadia Realty Trust presently has an average rating of “Hold” and a consensus price target of $22.33.

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.