American Century Companies Inc. Purchases Shares of 16,131 Acadia Realty Trust (NYSE:AKR)

American Century Companies Inc. bought a new position in Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,131 shares of the real estate investment trust's stock, valued at approximately $390,000.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Acadia Realty Trust by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust's stock worth $62,033,000 after buying an additional 63,672 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Acadia Realty Trust by 11.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock valued at $51,958,000 after purchasing an additional 219,983 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Acadia Realty Trust by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,110,758 shares of the real estate investment trust's stock valued at $26,836,000 after buying an additional 56,614 shares in the last quarter. Barclays PLC lifted its stake in Acadia Realty Trust by 11.8% in the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust's stock worth $18,240,000 after acquiring an additional 81,853 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Acadia Realty Trust by 16.9% in the 4th quarter. Principal Financial Group Inc. now owns 654,000 shares of the real estate investment trust's stock valued at $15,801,000 after purchasing an additional 94,565 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.83% of the company's stock.

Acadia Realty Trust Stock Up 0.9 %

NYSE:AKR traded up $0.17 during mid-day trading on Tuesday, reaching $19.06. The stock had a trading volume of 1,202,664 shares, compared to its average volume of 1,062,537. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $2.28 billion, a P/E ratio of 105.86, a PEG ratio of 6.09 and a beta of 1.24. The business's 50 day moving average is $21.63 and its 200 day moving average is $23.23. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. As a group, sell-side analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust's payout ratio is 444.44%.

Analyst Ratings Changes

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a research note on Thursday, April 10th.

Acadia Realty Trust Company 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.