M&T Bank Corp Acquires Shares of 27,395 Acadia Realty Trust $AKR

M&T Bank Corp acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 27,395 shares of the real estate investment trust’s stock, valued at approximately $563,000.

Several other large investors have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Acadia Realty Trust during the 4th quarter valued at approximately $1,122,000. Asset Management One Co. Ltd. boosted its position in Acadia Realty Trust by 1.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 184,808 shares of the real estate investment trust’s stock valued at $3,866,000 after acquiring an additional 3,367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Acadia Realty Trust by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,829 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 960 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Acadia Realty Trust by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 138,790 shares of the real estate investment trust’s stock valued at $2,849,000 after acquiring an additional 1,904 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Acadia Realty Trust by 74.0% during the 4th 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. 97.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AKR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Monday, April 20th. Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citigroup lifted their target price on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Acadia Realty Trust Price Performance

AKR stock opened at $21.52 on Friday. The firm has a 50 day moving average price of $20.43 and a 200-day moving average price of $20.28. Acadia Realty Trust has a 52-week low of $18.04 and a 52-week high of $22.36. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 71.72, a PEG ratio of 2.16 and a beta of 1.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.17.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $102.99 million during the quarter, compared to analyst estimates of $94.21 million. During the same period last year, the business earned $0.34 earnings per share. The business’s 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. Equities research analysts forecast that Acadia Realty Trust will post 1.23 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, March 31st. Acadia Realty Trust’s payout ratio is presently 266.67%.

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.