Advisors Preferred LLC Buys 100,443 Shares of Acadia Realty Trust (NYSE:AKR)

Advisors Preferred LLC boosted its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,590 shares of the real estate investment trust's stock after buying an additional 100,443 shares during the quarter. Acadia Realty Trust makes up about 1.0% of Advisors Preferred LLC's investment portfolio, making the stock its 21st largest holding. Advisors Preferred LLC owned approximately 0.23% of Acadia Realty Trust worth $6,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AKR. FMR LLC boosted its position in shares of Acadia Realty Trust by 290.3% during the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust's stock valued at $224,910,000 after acquiring an additional 7,124,403 shares during the last quarter. Geode Capital Management LLC grew its stake in Acadia Realty Trust by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust's stock worth $62,033,000 after acquiring an additional 63,672 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Acadia Realty Trust by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust's stock worth $45,331,000 after purchasing an additional 83,180 shares during the period. Barclays PLC raised its holdings in shares of Acadia Realty Trust by 11.8% in the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust's stock valued at $18,240,000 after acquiring an additional 81,853 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Acadia Realty Trust by 381.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust's stock valued at $15,422,000 after purchasing an additional 520,319 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Stock Up 1.5 %

Shares of AKR stock traded up $0.35 during trading on Wednesday, reaching $24.10. The company's stock had a trading volume of 1,550,514 shares, compared to its average volume of 900,701. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 267.78, a P/E/G ratio of 6.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. Acadia Realty Trust has a 1-year low of $16.09 and a 1-year high of $26.29. The stock's 50-day moving average price is $23.66 and its 200 day moving average price is $23.46.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data 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 0.48% and a net margin of 3.07%. On average, research analysts anticipate that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's payout ratio is presently 422.22%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial increased their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. StockNews.com lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.