Mitsubishi UFJ Asset Management Co. Ltd. Buys 13,873 Shares of Acadia Realty Trust $AKR

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Acadia Realty Trust (NYSE:AKR) by 17.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,595 shares of the real estate investment trust’s stock after buying an additional 13,873 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Acadia Realty Trust worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AKR. Metis Global Partners LLC lifted its holdings in shares of Acadia Realty Trust by 42.7% during the second quarter. Metis Global Partners LLC now owns 21,639 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 6,477 shares during the period. Bank of New York Mellon Corp increased its position in shares of Acadia Realty Trust by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,351,586 shares of the real estate investment trust’s stock worth $25,099,000 after purchasing an additional 123,973 shares in the last quarter. Corton Capital Inc. bought a new position in Acadia Realty Trust during the 2nd quarter valued at about $204,000. Bank of Montreal Can boosted its position in Acadia Realty Trust by 5.6% in the second quarter. Bank of Montreal Can now owns 20,227 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 1,069 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Acadia Realty Trust by 8.4% in the second quarter. Amalgamated Bank now owns 36,833 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 2,857 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $20.08 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $19.80 and a 200 day simple moving average of $19.40. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29. The firm has a market cap of $2.63 billion, a P/E ratio of 167.31, a P/E/G ratio of 2.78 and a beta of 1.44.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The firm 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 business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Sell-side analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

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

Acadia Realty Trust Company 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.