Rush Island Management LP Reduces Holdings in Acadia Realty Trust $AKR

Rush Island Management LP lowered its position in Acadia Realty Trust (NYSE:AKR) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,689,278 shares of the real estate investment trust’s stock after selling 29,538 shares during the quarter. Acadia Realty Trust accounts for approximately 2.2% of Rush Island Management LP’s holdings, making the stock its 14th biggest holding. Rush Island Management LP’s holdings in Acadia Realty Trust were worth $32,299,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AKR. Massachusetts Financial Services Co. MA grew its stake in shares of Acadia Realty Trust by 74.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock valued at $114,466,000 after acquiring an additional 2,370,553 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Acadia Realty Trust in the fourth quarter worth about $42,330,000. Alyeska Investment Group L.P. boosted its holdings in Acadia Realty Trust by 55.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,909,671 shares of the real estate investment trust’s stock valued at $58,630,000 after purchasing an additional 1,042,228 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Acadia Realty Trust during the 4th quarter valued at approximately $15,782,000. Finally, Engineers Gate Manager LP grew its stake in Acadia Realty Trust by 23.6% during the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock valued at $77,147,000 after purchasing an additional 717,826 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 1.0%

Shares of Acadia Realty Trust stock opened at $22.17 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.96 billion, a P/E ratio of 73.92 and a beta of 1.10. Acadia Realty Trust has a fifty-two week low of $18.14 and a fifty-two week high of $22.90. The business has a 50-day moving average price of $21.77 and a 200 day moving average price of $21.01.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $91.19 million for the quarter, compared to the consensus estimate of $92.36 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.Acadia Realty Trust’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, sell-side analysts forecast that Acadia Realty Trust will post 1.24 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio is currently 266.67%.

Insider Transactions at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the transaction, the executive vice president directly owned 9,426 shares in the company, valued at $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. 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 report on Tuesday, June 9th. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. 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. Weiss Ratings raised shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Acadia Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.