Public Employees Retirement System of Ohio Takes Position in Acadia Realty Trust $AKR

Public Employees Retirement System of Ohio bought a new stake in shares of Acadia Realty Trust (NYSE:AKR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 153,554 shares of the real estate investment trust’s stock, valued at approximately $3,211,000.

Several other large investors have also added to or reduced their stakes in AKR. Osaic Holdings Inc. increased its position in Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 547 shares during the period. Danske Bank A S lifted its position in shares of Acadia Realty Trust by 600.0% in the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,800 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Acadia Realty Trust in the 2nd quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its stake in shares of Acadia Realty Trust by 342.1% during 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 in the last quarter. Finally, Covestor Ltd increased its position in shares of Acadia Realty Trust by 62,000.0% during the fourth quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,720 shares during the period. Institutional investors own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial increased their price target on shares of 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 raised Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. KeyCorp upgraded 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 report on Tuesday, August 18th. Finally, Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $20.29 on Friday. Acadia Realty Trust has a 1 year low of $18.61 and a 1 year high of $23.03. The firm’s 50-day moving average is $21.35 and its 200 day moving average is $21.11. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 59.68, a PEG ratio of 2.07 and a beta of 1.09. 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 released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $95.42 million for the quarter, compared to the consensus estimate of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Sell-side analysts anticipate that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

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

Acadia Realty Trust Company 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.