Massachusetts Financial Services Co. MA Makes New $64.53 Million Investment in Acadia Realty Trust $AKR

Massachusetts Financial Services Co. MA purchased a new stake in Acadia Realty Trust (NYSE:AKR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,202,299 shares of the real estate investment trust’s stock, valued at approximately $64,526,000. Massachusetts Financial Services Co. MA owned approximately 2.44% of Acadia Realty Trust as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in Acadia Realty Trust by 189.5% in the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 902 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Acadia Realty Trust by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 547 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Acadia Realty Trust during the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC boosted its position in Acadia Realty Trust by 342.1% during the second 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, GAMMA Investing LLC boosted its position in Acadia Realty Trust by 57.7% during the second quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 1,873 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AKR has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Zacks Research cut shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Truist Financial cut their price target on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Acadia Realty Trust Stock Down 1.0%

AKR stock opened at $20.83 on Wednesday. The stock has a market capitalization of $2.73 billion, a PE ratio of 173.61, a price-to-earnings-growth ratio of 3.60 and a beta of 1.13. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $24.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $20.41 and a 200 day moving average of $19.77.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The business had revenue of $101.01 million for the quarter, compared to analyst estimates of $92.78 million. During the same quarter in the prior year, the business posted $0.32 EPS. Acadia Realty Trust’s revenue for the quarter was up 15.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.20 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is 666.67%.

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.