Russell Investments Group Ltd. Has $5.94 Million Stock Holdings in Acadia Realty Trust $AKR

Russell Investments Group Ltd. boosted its stake in shares of Acadia Realty Trust (NYSE:AKR) by 90.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 283,555 shares of the real estate investment trust’s stock after buying an additional 134,897 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Acadia Realty Trust worth $5,940,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC raised its holdings in Acadia Realty Trust by 1.4% during the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 529 shares during the period. Captrust Financial Advisors raised its holdings in Acadia Realty Trust by 2.1% during the 4th quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 731 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Acadia Realty Trust by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust’s stock worth $1,389,000 after buying an additional 764 shares during the period. Mariner LLC raised its holdings in Acadia Realty Trust by 2.5% during the 4th quarter. Mariner LLC now owns 44,221 shares of the real estate investment trust’s stock worth $1,068,000 after buying an additional 1,080 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Acadia Realty Trust by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 99,366 shares of the real estate investment trust’s stock worth $2,401,000 after buying an additional 1,749 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

NYSE:AKR opened at $19.2850 on Thursday. 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 firm has a fifty day simple moving average of $18.81 and a 200 day simple moving average of $20.09. The stock has a market capitalization of $2.53 billion, a PE ratio of 120.54, a P/E/G ratio of 3.86 and a beta of 1.41.

Acadia Realty Trust (NYSE:AKR) last released its earnings results 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 net margin of 5.31% and a return on equity of 0.79%. The firm had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same period in the prior year, the business 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. On average, research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 500.00%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $25.00.

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.