Legal & General Group Plc Acquires 226,124 Shares of Acadia Realty Trust $AKR

Legal & General Group Plc lifted its holdings in Acadia Realty Trust (NYSE:AKR) by 13.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,884,310 shares of the real estate investment trust’s stock after buying an additional 226,124 shares during the period. Legal & General Group Plc’s holdings in Acadia Realty Trust were worth $38,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S lifted its stake in shares of Acadia Realty Trust by 600.0% in the 4th 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 during the period. Osaic Holdings Inc. lifted its stake in shares of Acadia Realty Trust by 32.8% in the 2nd 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 period. Raymond James Financial Inc. bought a new position in shares of Acadia Realty Trust in the 2nd quarter worth approximately $47,000. Hantz Financial Services Inc. lifted its stake in shares of Acadia Realty Trust by 90.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,244 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 2,309 shares during the period. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

NYSE AKR opened at $22.02 on Friday. Acadia Realty Trust has a 12 month low of $18.04 and a 12 month high of $22.50. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 73.39, a PEG ratio of 2.20 and a beta of 1.10. The company’s 50 day moving average is $20.83 and its two-hundred day moving average is $20.58. The company has a current ratio of 1.17, 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, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The company had revenue of $102.99 million for the quarter, compared to analysts’ expectations of $94.21 million. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue 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. As a group, research analysts anticipate that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is 266.67%.

Insider Transactions at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the 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 completion of the sale, the executive vice president directly owned 9,426 shares of the company’s stock, valued at $208,503.12. This trade represents a 72.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AKR. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. raised their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, March 20th. Citigroup raised their target price on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Acadia Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Acadia Realty Trust Company 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.