Readystate Asset Management LP Invests $3.85 Million in Acadia Realty Trust $AKR

Readystate Asset Management LP purchased a new stake in Acadia Realty Trust (NYSE:AKR) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 184,007 shares of the real estate investment trust’s stock, valued at approximately $3,848,000.

Other large investors also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in shares of 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 valued at $41,000 after acquiring an additional 547 shares in the last quarter. Nykredit A S purchased a new stake in shares of Acadia Realty Trust during the second quarter worth approximately $47,000. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust in the 2nd quarter valued at $47,000. EverSource Wealth Advisors LLC raised its stake in 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 valued at $55,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,720 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, KeyCorp upgraded Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

Acadia Realty Trust Stock Performance

Shares of AKR stock opened at $20.29 on Monday. Acadia Realty Trust has a 1-year low of $18.61 and a 1-year high of $23.03. The firm has a market cap of $2.79 billion, a PE ratio of 59.68, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09. The company has a 50-day moving average of $21.35 and a two-hundred day moving average of $21.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The company had revenue of $95.42 million during the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, analysts predict that Acadia Realty Trust will post 1.25 EPS for the current year.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is 235.29%.

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.