Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.53 Million Stock Position in Acadia Realty Trust (NYSE:AKR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 57.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,373 shares of the real estate investment trust's stock after acquiring an additional 23,111 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Acadia Realty Trust worth $1,531,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its position in shares of Acadia Realty Trust by 290.3% in the third quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust's stock valued at $224,910,000 after purchasing an additional 7,124,403 shares during the last quarter. Geode Capital Management LLC grew its holdings in Acadia Realty Trust by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust's stock valued at $62,033,000 after buying an additional 63,672 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Acadia Realty Trust by 11.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock worth $51,958,000 after buying an additional 219,983 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Acadia Realty Trust by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,110,758 shares of the real estate investment trust's stock worth $26,836,000 after buying an additional 56,614 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of 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 valued at $18,240,000 after acquiring an additional 81,853 shares during the period. 97.65% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.83% of the company's stock.

Acadia Realty Trust Price Performance

Shares of AKR stock traded down $0.12 on Friday, hitting $21.00. 883,753 shares of the company's stock were exchanged, compared to its average volume of 1,050,278. The company has a 50 day moving average of $22.64 and a 200 day moving average of $23.58. The stock has a market cap of $2.51 billion, a P/E ratio of 116.68, 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. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. On average, equities research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 3.81%. Acadia Realty Trust's payout ratio is presently 444.44%.

Analysts Set New Price Targets

Several analysts have weighed in on AKR shares. StockNews.com cut shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. Truist Financial lifted their price target on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $23.00.

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.