GSA Capital Partners LLP Invests $849,000 in Acadia Realty Trust (NYSE:AKR)

GSA Capital Partners LLP bought a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,150 shares of the real estate investment trust's stock, valued at approximately $849,000.

Several other large investors have also recently bought and sold shares of AKR. Wolverine Asset Management LLC purchased a new position in Acadia Realty Trust in the third quarter valued at approximately $267,000. Crossmark Global Holdings Inc. acquired a new position in shares of Acadia Realty Trust in the 3rd quarter valued at $202,000. Asset Management One Co. Ltd. grew its position in shares of Acadia Realty Trust by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust's stock valued at $3,725,000 after buying an additional 476 shares during the last quarter. Van ECK Associates Corp raised its stake in Acadia Realty Trust by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 17,727 shares of the real estate investment trust's stock worth $431,000 after acquiring an additional 2,268 shares in the last quarter. Finally, abrdn plc lifted its position in Acadia Realty Trust by 10.0% in the third quarter. abrdn plc now owns 21,535 shares of the real estate investment trust's stock valued at $506,000 after acquiring an additional 1,954 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company's stock.

Analyst Ratings Changes

AKR has been the topic of several research reports. StockNews.com raised Acadia Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday. Compass Point upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $23.00 to $27.00 in a research note on Thursday, October 10th. Finally, Truist Financial boosted their price objective on Acadia Realty Trust from $18.00 to $23.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.60.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded up $0.12 during midday trading on Friday, reaching $24.60. 1,156,193 shares of the company were exchanged, compared to its average volume of 1,155,762. The stock has a market cap of $2.94 billion, a P/E ratio of 273.33, a PEG ratio of 6.22 and a beta of 1.46. Acadia Realty Trust has a 1 year low of $14.62 and a 1 year high of $25.58. The stock has a fifty day simple moving average of $23.74 and a 200 day simple moving average of $20.74. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.25). Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The company had revenue of $87.70 million for the quarter, compared to analyst estimates of $70.88 million. During the same period in the previous year, the business posted $0.27 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. On average, research analysts forecast that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.09%. Acadia Realty Trust's payout ratio is currently 844.44%.

Acadia Realty Trust 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.