Easterly Investment Partners LLC grew its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 54.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,702 shares of the real estate investment trust's stock after buying an additional 143,606 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.34% of Acadia Realty Trust worth $9,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 717 shares in the last quarter. USA Financial Formulas lifted its position in shares of Acadia Realty Trust by 14.4% in the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after buying an additional 489 shares during the last quarter. KBC Group NV boosted its stake in shares of Acadia Realty Trust by 44.1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 1,448 shares in the last quarter. Xponance Inc. acquired a new position in shares of Acadia Realty Trust during the 4th quarter valued at about $203,000. Finally, Longboard Asset Management LP bought a new position in shares of Acadia Realty Trust in the 4th quarter valued at approximately $213,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was 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 through this link. 2.83% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of brokerages have issued reports on AKR. 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 objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $23.00.
Read Our Latest Stock Analysis on Acadia Realty Trust
Acadia Realty Trust Stock Performance
NYSE:AKR traded up $0.12 during mid-day trading on Monday, hitting $20.95. 349,817 shares of the company's stock traded hands, compared to its average volume of 1,047,620. 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 firm has a 50 day moving average of $22.64 and a two-hundred day moving average of $23.58. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 116.19, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced 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%. On average, equities analysts forecast 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. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This is an increase 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 dividend yield of 3.82%. Acadia Realty Trust's payout ratio is presently 444.44%.
Acadia Realty Trust Profile
(
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.
See Also
Before you consider Acadia Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acadia Realty Trust wasn't on the list.
While Acadia Realty Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
