Intech Investment Management LLC Purchases 18,422 Shares of Acadia Realty Trust (NYSE:AKR)

Intech Investment Management LLC boosted its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 68.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,267 shares of the real estate investment trust's stock after acquiring an additional 18,422 shares during the quarter. Intech Investment Management LLC's holdings in Acadia Realty Trust were worth $1,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AKR. Jane Street Group LLC raised its stake in 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 acquiring an additional 3,453 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Acadia Realty Trust during the fourth quarter worth about $297,000. KBC Group NV increased its holdings in shares of Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after buying an additional 1,448 shares in 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 worth $18,240,000 after acquiring an additional 81,853 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Acadia Realty Trust by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust's stock worth $62,033,000 after acquiring an additional 63,672 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

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Acadia Realty Trust Trading Up 0.1 %

Shares of AKR stock traded up $0.02 during trading hours on Wednesday, reaching $21.33. The company had a trading volume of 511,978 shares, compared to its average volume of 995,645. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. Acadia Realty Trust has a 1-year low of $16.13 and a 1-year high of $26.29. The company has a 50 day moving average of $22.73 and a 200 day moving average of $23.61. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 118.47, a P/E/G ratio of 6.09 and a beta of 1.49.

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 0.88% and a net margin of 5.74%. On average, equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, March 31st. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is 444.44%.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on AKR. StockNews.com cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. Truist Financial increased their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $23.00.

About Acadia Realty Trust

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.