Acadia Realty Trust (NYSE:AKR - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 12,390,000 shares, an increase of 21.7% from the December 31st total of 10,180,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is presently 9.2 days.
Analyst Ratings Changes
A number of research firms recently weighed in on AKR. StockNews.com downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. Truist Financial increased their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, Compass Point upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $23.00 to $27.00 in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.00.
Read Our Latest Analysis on Acadia Realty Trust
Acadia Realty Trust Trading Down 0.2 %
Acadia Realty Trust stock traded down $0.05 during trading hours on Tuesday, reaching $22.74. 533,037 shares of the company's stock were exchanged, compared to its average volume of 911,165. The firm has a market capitalization of $2.72 billion, a PE ratio of 252.69, a PEG ratio of 6.16 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. The firm's 50 day simple moving average is $23.98 and its 200 day simple moving average is $23.32. Acadia Realty Trust has a twelve month low of $16.09 and a twelve month high of $26.29.
Acadia Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Acadia Realty Trust's dividend payout ratio (DPR) is presently 844.44%.
Institutional Trading of Acadia Realty Trust
Several large investors have recently modified their holdings of the stock. 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 valued at $3,725,000 after acquiring an additional 476 shares during the period. USA Financial Formulas increased 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 in the last quarter. Monument Capital Management boosted its position in shares of Acadia Realty Trust by 3.7% during the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust's stock worth $335,000 after purchasing an additional 489 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Acadia Realty Trust by 2.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,795 shares of the real estate investment trust's stock valued at $559,000 after buying an additional 582 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Acadia Realty Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.
About Acadia Realty Trust
(
Get 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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