Odyssean LLC Has $2.81 Million Holdings in Acadia Realty Trust $AKR

Odyssean LLC raised its holdings in Acadia Realty Trust (NYSE:AKR) by 92.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,577 shares of the real estate investment trust’s stock after buying an additional 64,545 shares during the period. Odyssean LLC’s holdings in Acadia Realty Trust were worth $2,814,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in 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 valued at $139,802,000 after purchasing an additional 632,722 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Acadia Realty Trust by 24.9% in the second quarter. Wellington Management Group LLP now owns 4,678,599 shares of the real estate investment trust’s stock valued at $97,830,000 after purchasing an additional 932,442 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Acadia Realty Trust by 23.6% in the fourth 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 during the period. Geode Capital Management LLC lifted its stake in shares of Acadia Realty Trust by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock worth $69,698,000 after buying an additional 10,648 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Acadia Realty Trust by 15.2% during the 4th 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 buying an additional 442,209 shares during the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $21.25 on Wednesday. The firm has a 50 day moving average of $21.49 and a 200-day moving average of $21.13. The stock has a market capitalization of $2.92 billion, a PE ratio of 62.51, a PEG ratio of 1.94 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12 month low of $18.61 and a 12 month high of $23.03.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $95.42 million for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities research analysts predict that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AKR shares. Truist Financial upped their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup lifted their price target on 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 Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Finally, KeyCorp upgraded shares of Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Acadia Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $24.20.

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.