Entropy Technologies LP Invests $1.27 Million in Acadia Realty Trust (NYSE:AKR)

Entropy Technologies LP 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 disclosure with the SEC. The fund bought 52,394 shares of the real estate investment trust's stock, valued at approximately $1,266,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AKR. Mirae Asset Global Investments Co. Ltd. grew its stake in Acadia Realty Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 1,039 shares in the last quarter. USA Financial Formulas grew its stake in 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 valued at $94,000 after acquiring an additional 489 shares in the last quarter. KBC Group NV grew its stake in Acadia Realty Trust by 44.1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 1,448 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Acadia Realty Trust during the 3rd quarter valued at about $202,000. Finally, Custom Index Systems LLC purchased a new position in Acadia Realty Trust during the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Performance

AKR traded down $0.85 on Friday, hitting $23.90. The company had a trading volume of 1,151,262 shares, compared to its average volume of 928,615. The company's fifty day moving average price is $23.61 and its 200 day moving average price is $23.49. Acadia Realty Trust has a 1-year low of $16.09 and a 1-year high of $26.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 265.51, a price-to-earnings-growth ratio of 6.24 and a beta of 1.46.

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 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. Equities analysts predict that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust's payout ratio is 844.44%.

Analyst Ratings Changes

Several brokerages recently commented on AKR. Truist Financial boosted their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. StockNews.com cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $23.00.

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.