APG Asset Management US Inc. Acquires 200,703 Shares of Acadia Realty Trust (NYSE:AKR)

APG Asset Management US Inc. raised its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 23.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,053,152 shares of the real estate investment trust's stock after purchasing an additional 200,703 shares during the period. APG Asset Management US Inc. owned 0.88% of Acadia Realty Trust worth $25,444,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its stake in Acadia Realty Trust by 17.6% during the fourth quarter. Invesco Ltd. now owns 1,029,208 shares of the real estate investment trust's stock valued at $24,866,000 after buying an additional 154,174 shares in the last quarter. Bank of Montreal Can boosted its holdings in Acadia Realty Trust by 22.8% in the fourth quarter. Bank of Montreal Can now owns 14,772 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 2,738 shares during the period. FMR LLC increased its stake in Acadia Realty Trust by 21.3% during the fourth quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust's stock valued at $280,757,000 after purchasing an additional 2,041,986 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Acadia Realty Trust by 1,097.7% during the fourth quarter. Russell Investments Group Ltd. now owns 148,658 shares of the real estate investment trust's stock worth $3,592,000 after purchasing an additional 136,246 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Acadia Realty Trust by 39.5% in the 4th quarter. Wells Fargo & Company MN now owns 76,646 shares of the real estate investment trust's stock worth $1,852,000 after buying an additional 21,688 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

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Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.83% of the company's stock.

Acadia Realty Trust Stock Performance

Shares of AKR stock traded up $0.07 during trading hours on Monday, reaching $18.76. The stock had a trading volume of 132,288 shares, compared to its average volume of 1,058,638. 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 firm has a 50-day simple moving average of $21.72 and a 200-day simple moving average of $23.26. The firm has a market capitalization of $2.25 billion, a PE ratio of 104.22, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a twelve month low of $16.14 and a twelve month high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The firm 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 is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is presently 444.44%.

About Acadia Realty Trust

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.