Geode Capital Management LLC boosted its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,949,612 shares of the real estate investment trust's stock after purchasing an additional 308,117 shares during the period. Geode Capital Management LLC owned approximately 2.47% of Acadia Realty Trust worth $71,278,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of Acadia Realty Trust by 3.6% during the third quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust's stock worth $2,358,000 after purchasing an additional 3,453 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Acadia Realty Trust during the 4th quarter valued at approximately $297,000. KBC Group NV boosted its holdings in shares of Acadia Realty Trust by 44.1% in 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 during the last quarter. Barclays PLC boosted its holdings in shares of Acadia Realty Trust by 11.8% in the 3rd 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 last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Acadia Realty Trust by 10.7% in the fourth quarter. Yousif Capital Management LLC now owns 45,038 shares of the real estate investment trust's stock worth $1,088,000 after acquiring an additional 4,341 shares during the period. Institutional investors and hedge funds own 97.65% of the company's stock.
Insider Transactions at Acadia Realty Trust
In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.83% of the company's stock.
Acadia Realty Trust Stock Performance
Shares of NYSE:AKR traded up $0.17 during trading on Tuesday, hitting $19.06. 1,202,664 shares of the stock traded hands, compared to its average volume of 1,062,537. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $21.63 and a two-hundred day moving average price of $23.23. Acadia Realty Trust has a 52-week low of $16.14 and a 52-week high of $26.29. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 105.86, a P/E/G ratio of 6.09 and a beta of 1.24.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data 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 net margin of 5.74% and a return on equity of 0.88%. As a group, equities analysts predict that Acadia Realty Trust will post 1.34 EPS for the current year.
Acadia Realty Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.20%. Acadia Realty Trust's payout ratio is 444.44%.
Analyst Upgrades and Downgrades
Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a report on Thursday, April 10th.
Check Out Our Latest Stock Report on AKR
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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