Acadia Realty Trust $AKR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 36.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,259 shares of the real estate investment trust’s stock after selling 82,628 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Acadia Realty Trust were worth $2,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AKR. State Street Corp grew its position in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after purchasing an additional 632,722 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Acadia Realty Trust by 74.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after purchasing an additional 2,370,553 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Acadia Realty Trust by 23.6% in the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock valued at $77,147,000 after buying an additional 717,826 shares in the last quarter. Geode Capital Management LLC lifted its stake in Acadia Realty Trust by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock valued at $69,698,000 after buying an additional 10,648 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Acadia Realty Trust by 15.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,351,880 shares of the real estate investment trust’s stock valued at $68,848,000 after buying an additional 442,209 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 0.1%

Shares of Acadia Realty Trust stock opened at $21.39 on Thursday. The firm has a market cap of $2.86 billion, a PE ratio of 71.30 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a fifty-two week low of $18.14 and a fifty-two week high of $22.90. The business’s fifty day moving average is $21.61 and its two-hundred day moving average is $20.91.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.17. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The firm had revenue of $102.99 million for the quarter, compared to the consensus estimate of $94.21 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Analysts anticipate that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio is presently 266.67%.

Wall Street Analyst Weigh In

AKR has been the subject of a number of analyst reports. KeyCorp reissued a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.50.

Insider Buying and Selling at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the sale, the executive vice president directly owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.11% of the stock is currently owned by insiders.

Acadia Realty Trust Profile

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.