Corton Capital Inc. Buys Shares of 11,012 Acadia Realty Trust $AKR

Corton Capital Inc. bought a new stake in shares of Acadia Realty Trust (NYSE:AKR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,012 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in Acadia Realty Trust by 189.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 902 shares in the last quarter. GAMMA Investing LLC raised its stake in Acadia Realty Trust by 57.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 1,873 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Acadia Realty Trust during the 1st quarter valued at $318,000. Teacher Retirement System of Texas raised its stake in Acadia Realty Trust by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,092 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 734 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Acadia Realty Trust by 5.6% during the 2nd quarter. Bank of Montreal Can now owns 20,227 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 1,069 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 1.2%

Shares of Acadia Realty Trust stock opened at $19.77 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 164.79, a price-to-earnings-growth ratio of 2.78 and a beta of 1.47. The business has a fifty day simple moving average of $19.79 and a 200-day simple moving average of $19.38. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $98.71 million for the quarter, compared to analysts’ expectations of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, equities analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AKR has been the topic of several recent analyst reports. LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They set a “neutral” rating and a $21.00 target price on the stock. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $23.00 in a report on Friday, September 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.33.

Acadia Realty Trust Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.