Edgestream Partners L.P. Acquires Shares of 137,510 Acadia Realty Trust (NYSE:AKR)

Edgestream Partners L.P. bought a new stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 137,510 shares of the real estate investment trust's stock, valued at approximately $3,322,000. Edgestream Partners L.P. owned approximately 0.11% of Acadia Realty Trust at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AKR. Asset Management One Co. Ltd. boosted its holdings in shares of Acadia Realty Trust by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust's stock worth $3,725,000 after buying an additional 476 shares in the last quarter. USA Financial Formulas boosted its stake in Acadia Realty Trust by 14.4% during the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 489 shares in the last quarter. Monument Capital Management grew its holdings in Acadia Realty Trust by 3.7% in 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 during the period. Smartleaf Asset Management LLC increased its stake 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 valued at $36,000 after purchasing an additional 717 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Acadia Realty Trust by 2.9% during the 4th quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust's stock worth $739,000 after purchasing an additional 857 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

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Acadia Realty Trust Stock Down 0.6 %

NYSE AKR traded down $0.14 during trading hours on Wednesday, hitting $21.58. The company's stock had a trading volume of 1,431,444 shares, compared to its average volume of 1,003,809. The company has a market capitalization of $2.58 billion, a PE ratio of 119.86, a price-to-earnings-growth 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 52 week low of $16.10 and a 52 week high of $26.29. The company's 50-day simple moving average is $23.08 and its two-hundred day simple moving average is $23.69.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS 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%. Research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This is a positive change 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 3.71%. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust's dividend payout ratio (DPR) is 444.44%.

Wall Street Analysts Forecast Growth

AKR has been the subject of a number of research analyst reports. StockNews.com lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, December 2nd. Truist Financial boosted 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $23.00.

Insider Buying and Selling at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of the business'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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company's stock.

Acadia Realty Trust Company 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.