Acadia Realty Trust $AKR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Acadia Realty Trust (NYSE:AKR) by 15.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,682 shares of the real estate investment trust’s stock after selling 28,746 shares during the period. Public Employees Retirement System of Ohio’s holdings in Acadia Realty Trust were worth $2,900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AKR. Danske Bank A S boosted its position in Acadia Realty Trust by 600.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,800 shares in the last quarter. Osaic Holdings Inc. increased its position 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 valued at $41,000 after buying an additional 547 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Acadia Realty Trust during the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 worth $55,000 after buying an additional 2,309 shares during the last quarter. Finally, Covestor Ltd boosted its position 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 worth $77,000 after buying an additional 3,720 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $553,000.00. Following the sale, the executive vice president owned 9,426 shares in the company, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AKR. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. KeyCorp reissued a “sector weight” rating on shares of Acadia Realty Trust in a research note on Monday, June 15th. Finally, Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. One 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’s stock. According to data from MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Acadia Realty Trust Trading Up 0.0%

Acadia Realty Trust stock opened at $22.43 on Friday. The stock has a market cap of $3.08 billion, a PE ratio of 65.99 and a beta of 1.10. The stock has a 50-day moving average price of $21.82 and a 200 day moving average price of $21.04. Acadia Realty Trust has a 52 week low of $18.14 and a 52 week high of $23.03. The company has a current ratio of 1.13, a quick ratio of 1.17 and a debt-to-equity ratio of 0.61.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The firm had revenue of $95.42 million during the quarter, compared to analysts’ expectations of $92.36 million. During the same quarter last year, the company posted $0.32 earnings per share. Acadia Realty Trust’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. Equities research analysts predict that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. 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.