Bailard Inc. Makes New $797,000 Investment in Acadia Realty Trust (NYSE:AKR)

Bailard Inc. bought a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,000 shares of the real estate investment trust's stock, valued at approximately $797,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Acadia Realty Trust by 35.0% in the third 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 purchasing an additional 1,039 shares during the period. abrdn plc boosted its holdings in Acadia Realty Trust by 10.0% in the third quarter. abrdn plc now owns 21,535 shares of the real estate investment trust's stock valued at $506,000 after acquiring an additional 1,954 shares during the last quarter. Van ECK Associates Corp raised its holdings in Acadia Realty Trust by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 17,727 shares of the real estate investment trust's stock worth $431,000 after purchasing an additional 2,268 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Acadia Realty Trust by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust's stock worth $3,725,000 after purchasing an additional 476 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Acadia Realty Trust during the third quarter worth $202,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 0.1 %

Shares of NYSE AKR traded down $0.03 during trading on Friday, hitting $22.49. 888,161 shares of the company traded hands, compared to its average volume of 987,480. The business's fifty day moving average is $23.19 and its 200 day moving average is $23.66. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 124.95, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Acadia Realty Trust has a fifty-two week low of $16.10 and a fifty-two week high of $26.29.

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Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its earnings results 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%. Equities research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Monday, March 31st. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is currently 444.44%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AKR shares. Truist Financial upped their price target 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 downgraded Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.