Quantbot Technologies LP purchased a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 166,056 shares of the real estate investment trust's stock, valued at approximately $4,012,000. Quantbot Technologies LP owned approximately 0.14% of Acadia Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position 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 purchasing 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 buying an additional 520,319 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 buying an additional 219,983 shares during the last quarter. Amundi lifted its stake in shares of Acadia Realty Trust by 278.1% during the fourth quarter. Amundi now owns 284,052 shares of the real estate investment trust's stock valued at $6,479,000 after buying an additional 208,933 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in Acadia Realty Trust during the fourth quarter worth approximately $4,832,000. 97.65% of the stock is owned by institutional investors and hedge funds.
Acadia Realty Trust Trading Up 0.1 %
Shares of NYSE AKR traded up $0.02 during trading on Wednesday, hitting $21.33. 511,978 shares of the company traded hands, compared to its average volume of 995,645. The firm has a market capitalization of $2.55 billion, a P/E ratio of 118.47, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $22.73 and a 200-day moving average price of $23.61. Acadia Realty Trust has a 1 year low of $16.13 and a 1 year high of $26.29.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. On average, equities analysts predict that Acadia Realty Trust will post 1.34 EPS for the current year.
Acadia Realty Trust Increases Dividend
The firm also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.75%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 444.44%.
Insider Buying and Selling at Acadia Realty Trust
In other news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.83% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Truist Financial boosted their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a report on Thursday, December 5th. StockNews.com lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.00.
Read Our Latest Stock Report on AKR
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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