Acadia Realty Trust (NYSE:AKR) Short Interest Update

Acadia Realty Trust (NYSE:AKR - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,610,000 shares, a drop of 61.9% from the March 15th total of 14,720,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 4.9 days. Approximately 4.8% of the company's stock are sold short.

Analyst Ratings Changes

Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research report on Thursday, April 10th.

Insider Activity

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm'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 value of $684,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Acadia Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Acadia Realty Trust by 91.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after buying an additional 717 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Acadia Realty Trust during the fourth quarter worth $46,000. Sterling Capital Management LLC raised its stake in shares of Acadia Realty Trust by 960.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 3,344 shares during the period. USA Financial Formulas lifted its stake in 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 valued at $94,000 after purchasing an additional 489 shares during the last quarter. Finally, KBC Group NV grew its holdings in 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 valued at $114,000 after buying an additional 1,448 shares in the last quarter. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Stock Up 3.2 %

Shares of Acadia Realty Trust stock traded up $0.62 on Friday, hitting $19.92. The company had a trading volume of 1,033,575 shares, compared to its average volume of 1,051,203. 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 quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average of $21.32 and a 200-day moving average of $23.13. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 110.64, a P/E/G ratio of 6.09 and a beta of 1.24.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS 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%. As a group, sell-side analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 4.02%. Acadia Realty Trust's payout ratio is 444.44%.

Acadia Realty Trust Company Profile

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.