Engineers Gate Manager LP Boosts Stock Position in Acadia Realty Trust $AKR

Engineers Gate Manager LP grew its stake in Acadia Realty Trust (NYSE:AKR) by 23.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,755,928 shares of the real estate investment trust’s stock after purchasing an additional 717,826 shares during the period. Acadia Realty Trust makes up approximately 0.9% of Engineers Gate Manager LP’s portfolio, making the stock its 8th largest position. Engineers Gate Manager LP’s holdings in Acadia Realty Trust were worth $77,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Acadia Realty Trust by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock worth $401,783,000 after buying an additional 114,473 shares in the last quarter. State Street Corp lifted its position in shares of Acadia Realty Trust by 9.3% during the 2nd quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock worth $139,802,000 after buying an additional 632,722 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 worth $114,466,000 after buying an additional 2,370,553 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Acadia Realty Trust by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock worth $69,698,000 after acquiring an additional 10,648 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Acadia Realty Trust by 15.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,351,880 shares of the real estate investment trust’s stock worth $68,848,000 after acquiring an additional 442,209 shares during the period. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AKR. Zacks Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup lifted their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Truist Financial lifted their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This represents a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.11% of the company’s stock.

Acadia Realty Trust Stock Performance

Shares of AKR opened at $21.19 on Thursday. The stock’s 50-day simple moving average is $21.51 and its 200 day simple moving average is $20.75. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 70.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.17. Acadia Realty Trust has a 52-week low of $18.04 and a 52-week high of $22.90.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data 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. The business had revenue of $102.99 million for the quarter, compared to analysts’ expectations of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts forecast that Acadia Realty Trust will post 1.23 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend 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 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.