Barclays PLC Has $18.24 Million Holdings in Acadia Realty Trust (NYSE:AKR)

Barclays PLC raised its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 11.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,869 shares of the real estate investment trust's stock after purchasing an additional 81,853 shares during the period. Barclays PLC owned 0.65% of Acadia Realty Trust worth $18,240,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in Acadia Realty Trust by 2.8% during the third quarter. Public Employees Retirement System of Ohio now owns 151,650 shares of the real estate investment trust's stock valued at $3,561,000 after acquiring an additional 4,086 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Acadia Realty Trust by 3.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 136,456 shares of the real estate investment trust's stock worth $3,204,000 after purchasing an additional 5,000 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Acadia Realty Trust by 3.6% in the 3rd quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust's stock valued at $2,358,000 after purchasing an additional 3,453 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Acadia Realty Trust in the 3rd quarter valued at $599,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $15,422,000 after buying an additional 520,319 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on AKR shares. Truist Financial boosted their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Compass Point upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $23.00 to $27.00 in a report on Thursday, October 10th. Finally, 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 given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Acadia Realty Trust presently has a consensus rating of "Hold" and an average price target of $22.40.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded up $0.15 during trading hours on Friday, hitting $25.35. 1,317,978 shares of the company's stock were exchanged, compared to its average volume of 1,027,089. The company's 50-day moving average price is $24.73 and its 200-day moving average price is $21.93. Acadia Realty Trust has a 1-year low of $16.09 and a 1-year high of $26.29. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 281.67, a PEG ratio of 6.32 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 (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.25). The business had revenue of $87.70 million for the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, sell-side analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 3.00%. Acadia Realty Trust's dividend payout ratio is 844.44%.

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.