Capital Fund Management S.A. Takes $2.79 Million Position in Acadia Realty Trust (NYSE:AKR)

Capital Fund Management S.A. purchased a new position in Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 115,553 shares of the real estate investment trust's stock, valued at approximately $2,792,000. Capital Fund Management S.A. owned about 0.10% of Acadia Realty Trust at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Acadia Realty Trust by 3.6% during 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 period. Public Employees Retirement System of Ohio increased its holdings 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 buying an additional 4,086 shares during the last quarter. Barclays PLC raised its position in 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 worth $18,240,000 after acquiring an additional 81,853 shares during the period. Geode Capital Management LLC boosted its stake in shares of Acadia Realty Trust by 2.5% during 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 during the last quarter. Finally, USA Financial Formulas grew its position in shares of Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 489 shares during the period. Hedge funds and other institutional investors own 97.65% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company's stock.

Acadia Realty Trust Price Performance

Shares of AKR stock traded up $0.62 on Friday, hitting $19.92. 1,033,575 shares of the stock traded hands, compared to its average volume of 1,051,203. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 110.64, a PEG ratio of 6.09 and a beta of 1.24. 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 $21.32 and a two-hundred day simple moving average of $23.13. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Monday, March 31st. Acadia Realty Trust's payout ratio is currently 444.44%.

Analyst Upgrades and Downgrades

Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research report on Thursday, April 10th.

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.