Acadia Realty Trust $AKR Shares Sold by Rush Island Management LP

Rush Island Management LP trimmed its holdings in Acadia Realty Trust (NYSE:AKR) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,689,278 shares of the real estate investment trust’s stock after selling 29,538 shares during the period. Acadia Realty Trust accounts for about 2.2% of Rush Island Management LP’s investment portfolio, making the stock its 14th largest position. Rush Island Management LP owned about 1.27% of Acadia Realty Trust worth $32,299,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in Acadia Realty Trust by 13.6% in the fourth quarter. Legal & General Group Plc now owns 1,884,310 shares of the real estate investment trust’s stock valued at $38,704,000 after purchasing an additional 226,124 shares during the period. AlphaQuest LLC raised its stake in Acadia Realty Trust by 326.4% during the fourth quarter. AlphaQuest LLC now owns 86,348 shares of the real estate investment trust’s stock worth $1,774,000 after purchasing an additional 66,099 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Acadia Realty Trust in the 1st quarter valued at $1,111,000. Strs Ohio grew its stake in shares of Acadia Realty Trust by 421.7% during the 4th quarter. Strs Ohio now owns 125,200 shares of the real estate investment trust’s stock valued at $2,572,000 after buying an additional 101,200 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $563,000. 97.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AKR. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Truist Financial upped their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded 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 raised 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 investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Acadia Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total value of $553,000.00. Following the completion of the sale, the executive vice president owned 9,426 shares in the company, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.11% of the stock is owned by insiders.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock opened at $22.17 on Wednesday. The firm has a fifty day moving average of $21.77 and a 200-day moving average of $21.01. Acadia Realty Trust has a 52-week low of $18.14 and a 52-week high of $22.90. 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 capitalization of $2.96 billion, a P/E ratio of 73.92 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The firm had revenue of $91.19 million during the quarter, compared to analysts’ expectations of $92.36 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, analysts predict that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

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