Centiva Capital LP bought a new position in Acadia Realty Trust (NYSE:AKR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,527 shares of the real estate investment trust's stock, valued at approximately $599,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Acadia Realty Trust by 32.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 572 shares during the period. USA Financial Formulas acquired a new position in shares of Acadia Realty Trust in the third quarter valued at approximately $80,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Acadia Realty Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 1,039 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Acadia Realty Trust during the second quarter worth $103,000. Finally, Algert Global LLC bought a new stake in Acadia Realty Trust in the 2nd quarter valued at $186,000. 97.65% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Compass Point raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $23.00 to $27.00 in a research note on Thursday, October 10th. Truist Financial increased their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a "hold" rating in a report on Thursday. Finally, StockNews.com cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.40.
Read Our Latest Research Report on AKR
Acadia Realty Trust Price Performance
Shares of NYSE:AKR remained flat at $25.51 during midday trading on Friday. The company had a trading volume of 886,240 shares, compared to its average volume of 1,184,157. Acadia Realty Trust has a twelve month low of $15.48 and a twelve month high of $26.29. The firm has a market capitalization of $3.05 billion, a PE ratio of 283.44, a PEG ratio of 6.44 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14. The company's fifty day moving average is $24.52 and its 200 day moving average is $21.59.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The company had revenue of $87.70 million during the quarter, compared to the consensus estimate of $70.88 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.
Acadia Realty Trust Dividend Announcement
The company 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, December 31st. Acadia Realty Trust's dividend payout ratio (DPR) is currently 844.44%.
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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