Inceptionr LLC acquired a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,341 shares of the real estate investment trust's stock, valued at approximately $491,000.
Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Acadia Realty Trust by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 17,727 shares of the real estate investment trust's stock worth $431,000 after acquiring an additional 2,268 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Acadia Realty Trust by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust's stock worth $3,725,000 after purchasing an additional 476 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Acadia Realty Trust during the third quarter worth $202,000. Wolverine Asset Management LLC purchased a new position in Acadia Realty Trust in the third quarter valued at $267,000. Finally, GSA Capital Partners LLP acquired a new stake in Acadia Realty Trust in the third quarter valued at $849,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.83% of the company's stock.
Acadia Realty Trust Stock Performance
Shares of AKR traded down $0.14 during midday trading on Wednesday, reaching $21.58. 1,036,772 shares of the stock were exchanged, compared to its average volume of 1,003,809. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 119.86, a PEG ratio of 6.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. Acadia Realty Trust has a twelve month low of $16.10 and a twelve month high of $26.29. The business's 50-day moving average price is $23.08 and its 200 day moving average price is $23.69.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.
Acadia Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust's dividend payout ratio is presently 444.44%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. StockNews.com cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, December 2nd. Truist Financial upped 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $23.00.
Read Our Latest Research 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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