Quantbot Technologies LP purchased a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 166,056 shares of the real estate investment trust's stock, valued at approximately $4,012,000. Quantbot Technologies LP owned 0.14% of Acadia Realty Trust at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in Acadia Realty Trust by 290.3% during the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust's stock worth $224,910,000 after acquiring an additional 7,124,403 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Acadia Realty Trust by 381.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust's stock worth $15,422,000 after purchasing an additional 520,319 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Acadia Realty Trust by 11.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock worth $51,958,000 after buying an additional 219,983 shares during the period. Amundi raised its position in Acadia Realty Trust by 278.1% in the 4th quarter. Amundi now owns 284,052 shares of the real estate investment trust's stock valued at $6,479,000 after purchasing an additional 208,933 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new position in shares of Acadia Realty Trust during the fourth quarter worth about $4,832,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.
Acadia Realty Trust Trading Down 0.2 %
NYSE:AKR traded down $0.03 on Tuesday, hitting $21.46. 168,247 shares of the stock were exchanged, compared to its average volume of 1,091,327. Acadia Realty Trust has a fifty-two week low of $16.13 and a fifty-two week high of $26.29. The stock has a fifty day moving average of $22.75 and a 200-day moving average of $23.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.57 billion, a PE ratio of 119.25, a PEG ratio of 6.09 and a beta of 1.49.
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, topping 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, equities analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.
Acadia Realty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.73%. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's payout ratio is currently 444.44%.
Insider Transactions at Acadia Realty Trust
In other news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.83% of the company's stock.
Analysts Set New Price Targets
Several analysts recently commented on AKR shares. Truist Financial raised their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. StockNews.com cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $23.00.
View Our Latest Report on Acadia Realty Trust
About Acadia Realty Trust
(
Free Report)
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.
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