New Age Alpha Advisors LLC Invests $374,000 in Acadia Realty Trust (NYSE:AKR)

New Age Alpha Advisors LLC purchased a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,469 shares of the real estate investment trust's stock, valued at approximately $374,000.

A number of other institutional investors also recently modified their holdings of AKR. Smartleaf Asset Management LLC grew its holdings in shares of Acadia Realty Trust by 91.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after buying an additional 717 shares in the last quarter. USA Financial Formulas raised its holdings in shares of Acadia Realty Trust by 14.4% in the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 489 shares during the last quarter. KBC Group NV raised its holdings in shares of Acadia Realty Trust by 44.1% in the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock valued at $114,000 after purchasing an additional 1,448 shares during the last quarter. Xponance Inc. bought a new stake in shares of Acadia Realty Trust in the fourth quarter worth $203,000. Finally, Longboard Asset Management LP acquired a new position in Acadia Realty Trust during the fourth quarter worth $213,000. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Stock Down 6.0 %

AKR stock traded down $1.17 during mid-day trading on Friday, reaching $18.31. The company had a trading volume of 1,463,499 shares, compared to its average volume of 1,057,639. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 101.69, a PEG ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29. The stock has a 50 day simple moving average of $22.39 and a two-hundred day simple moving average of $23.49. 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 (NYSE:AKR - Get Free Report) last released its quarterly earnings data 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 return on equity of 0.88% and a net margin of 5.74%. As a group, equities analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. Acadia Realty Trust's payout ratio is currently 444.44%.

Insider Activity

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price target on shares of Acadia Realty Trust from $25.00 to $23.00 and set a "hold" rating on the stock in a research note on Tuesday, April 1st.

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.