Charles Schwab Investment Management Inc. Has $51.96 Million Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Charles Schwab Investment Management Inc. lifted its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,150,584 shares of the real estate investment trust's stock after purchasing an additional 219,983 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.80% of Acadia Realty Trust worth $51,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. USA Financial Formulas raised 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 worth $94,000 after buying an additional 489 shares in the last quarter. Monument Capital Management raised its holdings in Acadia Realty Trust by 3.7% during the fourth quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust's stock worth $335,000 after purchasing an additional 489 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 717 shares during the period. Metis Global Partners LLC lifted its position in Acadia Realty Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 12,081 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 1,233 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Acadia Realty Trust by 4.5% during the 4th quarter. New York State Common Retirement Fund now owns 32,647 shares of the real estate investment trust's stock valued at $789,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 97.65% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

AKR has been the subject of several research analyst reports. Truist Financial upped their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Acadia Realty Trust presently has an average rating of "Hold" and a consensus target price of $23.00.

Insider Buying and Selling

In related news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.83% of the company's stock.

Acadia Realty Trust Price Performance

Shares of NYSE AKR traded up $0.28 during mid-day trading on Monday, reaching $21.61. The company had a trading volume of 937,342 shares, compared to its average volume of 994,125. The company has a 50-day moving average price of $22.91 and a two-hundred day moving average price of $23.67. The stock has a market cap of $2.59 billion, a PE ratio of 120.06, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 1-year low of $16.13 and a 1-year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share 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%. On average, equities analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share 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. Investors of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Monday, March 31st. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is 444.44%.

Acadia Realty Trust 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.