Cbre Investment Management Listed Real Assets LLC decreased its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 75.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,204 shares of the real estate investment trust's stock after selling 317,364 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.09% of Acadia Realty Trust worth $2,469,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Acadia Realty Trust by 91.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after buying an additional 717 shares during the last quarter. USA Financial Formulas increased its holdings in shares of Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after buying an additional 489 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Acadia Realty Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust's stock worth $93,000 after buying an additional 1,039 shares during the last quarter. KBC Group NV increased its holdings in shares of Acadia Realty Trust by 44.1% in the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after buying an additional 1,448 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Acadia Realty Trust in the 3rd quarter worth $202,000. Institutional investors own 97.65% of the company's stock.
Insider Transactions at Acadia Realty Trust
In other news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.83% of the company's stock.
Acadia Realty Trust Trading Down 0.1 %
AKR traded down $0.03 during trading on Friday, hitting $22.49. 1,032,861 shares of the stock traded hands, compared to its average volume of 987,596. The firm has a market capitalization of $2.69 billion, a P/E ratio of 124.95, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49. 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 moving average of $23.16 and a 200 day moving average of $23.68. Acadia Realty Trust has a 12-month low of $16.10 and a 12-month high of $26.29.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.
Acadia Realty Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.56%. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is presently 444.44%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on AKR shares. StockNews.com lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. 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 report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.00.
View Our Latest Stock Report on Acadia Realty Trust
About Acadia Realty Trust
(
Free Report)
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.
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