Acadia Realty Trust to Issue Quarterly Dividend of $0.20 (NYSE:AKR)

Acadia Realty Trust (NYSE:AKR) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th.

Acadia Realty Trust has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Acadia Realty Trust has a payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Acadia Realty Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 60.2%.

Acadia Realty Trust Stock Down 4.0%

Shares of AKR stock traded down $0.87 during trading hours on Thursday, reaching $20.62. 810,544 shares of the company’s stock were exchanged, compared to its average volume of 1,341,694. The stock has a market cap of $2.83 billion, a PE ratio of 60.68, a PEG ratio of 1.97 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $21.79 and its two-hundred day moving average price is $21.06. Acadia Realty Trust has a 1 year low of $18.14 and a 1 year high of $23.03.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The company had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $92.36 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Research analysts predict that Acadia Realty Trust will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AKR. Oregon Public Employees Retirement Fund raised its holdings in Acadia Realty Trust by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,012 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 500 shares in the last quarter. State of Wyoming raised its position in shares of Acadia Realty Trust by 10.8% during the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 543 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 547 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in Acadia Realty Trust by 2.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 19,389 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 554 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Acadia Realty Trust by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 34,520 shares of the real estate investment trust’s stock valued at $709,000 after acquiring an additional 624 shares during the period. 97.65% of the stock is owned by institutional investors and hedge funds.

About Acadia Realty Trust

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.