Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,722 shares of the real estate investment trust's stock after acquiring an additional 12,456 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Acadia Realty Trust worth $1,891,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. USA Financial Formulas grew its stake in Acadia Realty Trust by 14.4% during the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 489 shares in the last quarter. Monument Capital Management grew its position in shares of Acadia Realty Trust by 3.7% during the fourth quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust's stock valued at $335,000 after purchasing an additional 489 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 during the last quarter. Arizona State Retirement System boosted its stake in Acadia Realty Trust by 2.9% during the fourth quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust's stock valued at $739,000 after buying an additional 857 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Acadia Realty Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 12,081 shares of the real estate investment trust's stock valued at $292,000 after buying an additional 1,233 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Truist Financial decreased their price objective on Acadia Realty Trust from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st.
Read Our Latest Stock Analysis on AKR
Insider Buying and Selling
In related 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 transaction of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is owned by corporate insiders.
Acadia Realty Trust Price Performance
Shares of NYSE AKR traded down $1.17 during mid-day trading on Friday, hitting $18.31. 1,463,499 shares of the company's stock traded hands, compared to its average volume of 1,057,639. The company has a market capitalization of $2.19 billion, a P/E ratio of 101.69, a PEG ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a 1 year low of $16.14 and a 1 year high of $26.29. 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 company's 50-day moving average is $22.39 and its two-hundred day moving average is $23.49.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted 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 return on equity of 0.88% and a net margin of 5.74%. On average, equities analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.
Acadia Realty Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is currently 444.44%.
Acadia Realty Trust Company 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.
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