MQS Management LLC Purchases Shares of 27,071 Acadia Realty Trust $AKR

MQS Management LLC purchased a new stake in Acadia Realty Trust (NYSE:AKR) during the first quarter, Holdings Channel reports. The firm purchased 27,071 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Several other large investors have also recently modified their holdings of AKR. Oregon Public Employees Retirement Fund lifted its position in Acadia Realty Trust by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,012 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 500 shares during the last quarter. State of Wyoming boosted its stake in Acadia Realty Trust by 10.8% in the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 543 shares in the last quarter. Osaic Holdings Inc. grew its holdings in 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. Maryland State Retirement & Pension System grew its holdings in Acadia Realty Trust by 2.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 19,389 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 554 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Acadia Realty Trust by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 34,520 shares of the real estate investment trust’s stock worth $709,000 after purchasing an additional 624 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Insider Transactions at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of Acadia Realty Trust stock in a transaction dated Wednesday, May 6th. The stock was 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 owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. The trade was a 72.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AKR has been the subject of several analyst reports. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Truist Financial upped their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, April 30th. Finally, Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Acadia Realty Trust Trading Down 2.4%

Shares of Acadia Realty Trust stock opened at $20.91 on Wednesday. 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 has a 12-month low of $18.04 and a 12-month high of $22.90. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 69.72 and a beta of 1.10. The firm’s 50 day simple moving average is $21.62 and its two-hundred day simple moving average is $20.84.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (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 business had revenue of $102.99 million during the quarter, compared to analysts’ expectations of $94.21 million. During the same quarter last year, the company posted $0.34 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Analysts predict that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is 266.67%.

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.