Nomura Asset Management Co. Ltd. raised its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,490 shares of the real estate investment trust's stock after buying an additional 19,034 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Acadia Realty Trust worth $3,757,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AKR. New Age Alpha Advisors LLC purchased a new stake in shares of Acadia Realty Trust during the fourth quarter worth approximately $374,000. Norges Bank purchased a new stake in shares of Acadia Realty Trust in the 4th quarter valued at approximately $8,439,000. Easterly Investment Partners LLC raised its holdings in shares of Acadia Realty Trust by 54.2% in the 4th quarter. Easterly Investment Partners LLC now owns 408,702 shares of the real estate investment trust's stock valued at $9,874,000 after purchasing an additional 143,606 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Acadia Realty Trust by 14.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 32,700 shares of the real estate investment trust's stock worth $790,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Acadia Realty Trust by 18.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 78,722 shares of the real estate investment trust's stock worth $1,891,000 after purchasing an additional 12,456 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.
Insider Buying and Selling at Acadia Realty Trust
In related news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. 2.83% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Truist Financial decreased their price target on Acadia Realty Trust from $25.00 to $23.00 and set a "hold" rating for the company in a report on Tuesday, April 1st.
Read Our Latest Research Report on AKR
Acadia Realty Trust Stock Performance
Shares of AKR traded down $1.17 during midday trading on Friday, reaching $18.31. 1,463,499 shares of the stock were exchanged, compared to its average volume of 1,057,639. Acadia Realty Trust has a twelve month low of $16.14 and a twelve month high of $26.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. 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. The business's 50-day moving average price is $22.39 and its 200 day moving average price is $23.49.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS 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, sell-side analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.
Acadia Realty Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 4.37%. The ex-dividend date is Monday, March 31st. Acadia Realty Trust's dividend payout ratio (DPR) is presently 444.44%.
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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