Acadia Realty Trust $AKR Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Acadia Realty Trust (NYSE:AKR) by 24.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,678,599 shares of the real estate investment trust’s stock after purchasing an additional 932,442 shares during the quarter. Wellington Management Group LLP owned about 3.41% of Acadia Realty Trust worth $97,830,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AKR. Osaic Holdings Inc. raised its stake in shares of Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 547 shares during the last quarter. Danske Bank A S raised its position in Acadia Realty Trust by 600.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 1,800 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Acadia Realty Trust during the 2nd quarter worth approximately $47,000. EverSource Wealth Advisors LLC lifted its stake in Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,309 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 3,720 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AKR. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup increased their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings raised Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, KeyCorp upgraded Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $24.20.

Acadia Realty Trust Stock Down 0.2%

AKR opened at $20.42 on Wednesday. The company has a fifty day moving average of $21.43 and a two-hundred day moving average of $21.12. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 60.06, a PEG ratio of 2.09 and a beta of 1.09. Acadia Realty Trust has a fifty-two week low of $18.61 and a fifty-two week high of $23.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) 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 firm had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $92.36 million. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, research analysts expect that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

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.