Acadia Realty Trust (NYSE:AKR) Shares Purchased by Amundi

Amundi boosted its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 278.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,052 shares of the real estate investment trust's stock after purchasing an additional 208,933 shares during the quarter. Amundi owned approximately 0.24% of Acadia Realty Trust worth $6,479,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AKR. Smartleaf Asset Management LLC grew 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 during the last quarter. USA Financial Formulas raised 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 buying an additional 489 shares during the last quarter. KBC Group NV boosted its holdings in Acadia Realty Trust by 44.1% in the fourth 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. Crossmark Global Holdings Inc. purchased a new stake in shares of Acadia Realty Trust during the third quarter worth about $202,000. Finally, Longboard Asset Management LP acquired a new position in shares of Acadia Realty Trust during the fourth quarter valued at about $213,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Acadia Realty Trust Trading Up 1.6 %

AKR stock traded up $0.34 during midday trading on Wednesday, hitting $21.62. 382,031 shares of the company's stock were exchanged, compared to its average volume of 1,089,129. The stock has a market capitalization of $2.59 billion, a PE ratio of 120.08, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 1-year low of $16.13 and a 1-year high of $26.29. The business has a 50-day simple moving average of $22.84 and a two-hundred day simple moving average of $23.65.

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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 EPS for the quarter, beating 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, sell-side analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust's dividend payout ratio (DPR) is currently 444.44%.

Insiders Place Their Bets

In other Acadia Realty Trust 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AKR. Truist Financial raised their price target 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. StockNews.com lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. 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 company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.00.

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.