Acadia Realty Trust (NYSE:AKR - Get Free Report) EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Acadia Realty Trust Stock Performance
Shares of NYSE:AKR traded down $0.60 during midday trading on Tuesday, hitting $21.69. The company's stock had a trading volume of 593,333 shares, compared to its average volume of 996,217. Acadia Realty Trust has a fifty-two week low of $16.10 and a fifty-two week high of $26.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 120.51, a PEG ratio of 6.09 and a beta of 1.49. The stock's 50 day simple moving average is $23.13 and its 200 day simple moving average is $23.69.
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, beating the consensus estimate 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, research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.
Acadia Realty Trust Increases Dividend
The firm also recently declared 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 3.69%. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust's payout ratio is currently 444.44%.
Analyst Ratings Changes
AKR has been the topic of several recent research reports. StockNews.com cut shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. Truist Financial lifted their price target on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. One 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 stock currently has a consensus rating of "Hold" and a consensus target price of $23.00.
View Our Latest Research Report on AKR
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 717 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $46,000. Sterling Capital Management LLC lifted its stake in shares of Acadia Realty Trust by 960.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 3,344 shares during the period. USA Financial Formulas boosted its position in shares of Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 489 shares during the last quarter. Finally, KBC Group NV grew its stake 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 purchasing an additional 1,448 shares during the period. 97.65% of the stock is currently owned by institutional investors.
Acadia Realty Trust Company Profile
(
Get 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.
Featured Stories
Before you consider Acadia Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acadia Realty Trust wasn't on the list.
While Acadia Realty Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
