FMR LLC raised its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,620,757 shares of the real estate investment trust's stock after purchasing an additional 2,041,986 shares during the period. FMR LLC owned 9.71% of Acadia Realty Trust worth $280,757,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Acadia Realty Trust by 8.8% in the 4th quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after buying an additional 1,459,448 shares in the last quarter. Norges Bank bought a new position in shares of Acadia Realty Trust in the fourth quarter worth $8,439,000. Geode Capital Management LLC increased its holdings in shares of Acadia Realty Trust by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust's stock valued at $71,278,000 after purchasing an additional 308,117 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Acadia Realty Trust by 11.4% in the fourth 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 purchasing an additional 219,983 shares during the period. Finally, Amundi grew its position in Acadia Realty Trust by 278.1% in the 4th quarter. Amundi now owns 284,052 shares of the real estate investment trust's stock valued at $6,479,000 after buying an additional 208,933 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.
Insider Transactions at Acadia Realty Trust
In other news, EVP Jason Blacksberg sold 30,000 shares of the business'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 SEC, which is accessible through this link. 2.83% of the stock is owned by insiders.
Acadia Realty Trust Price Performance
NYSE:AKR traded up $0.17 during mid-day trading on Tuesday, reaching $19.06. 1,202,664 shares of the stock were exchanged, compared to its average volume of 1,062,537. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average price of $21.63 and a 200 day moving average price of $23.23. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year high of $26.29. The firm has a market capitalization of $2.28 billion, a PE ratio of 105.86, a PEG ratio of 6.09 and a beta of 1.24.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last released 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%. Research analysts expect that Acadia Realty Trust will post 1.34 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 4.20%. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 31st. Acadia Realty Trust's payout ratio is presently 444.44%.
Analyst Ratings Changes
Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Thursday, April 10th.
Get Our Latest Stock Analysis on Acadia Realty Trust
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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