SG Americas Securities LLC boosted its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 422.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,056 shares of the real estate investment trust's stock after acquiring an additional 24,307 shares during the period. SG Americas Securities LLC's holdings in Acadia Realty Trust were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Acadia Realty Trust by 32.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 572 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Acadia Realty Trust in the 1st quarter worth approximately $58,000. Ameritas Investment Partners Inc. raised its holdings in Acadia Realty Trust by 8.0% in the 1st quarter. Ameritas Investment Partners Inc. now owns 10,031 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 740 shares during the last quarter. Algert Global LLC purchased a new position in shares of Acadia Realty Trust during the 2nd quarter worth $186,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Acadia Realty Trust during the second quarter worth $242,000. Institutional investors and hedge funds own 97.65% of the company's stock.
Acadia Realty Trust Stock Up 0.9 %
Shares of NYSE AKR traded up $0.21 during midday trading on Monday, reaching $23.77. 754,310 shares of the company's stock were exchanged, compared to its average volume of 989,967. The stock has a market capitalization of $2.45 billion, a PE ratio of 297.13, a price-to-earnings-growth ratio of 6.04 and a beta of 1.47. Acadia Realty Trust has a 52-week low of $13.24 and a 52-week high of $23.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.08. The business's fifty day moving average price is $22.47 and its two-hundred day moving average price is $19.46.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.30). The company had revenue of $87.25 million for the quarter, compared to analyst estimates of $70.16 million. Acadia Realty Trust had a return on equity of 0.03% and a net margin of 0.20%. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. Analysts forecast that Acadia Realty Trust will post 1.29 EPS for the current year.
Acadia Realty Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, September 30th. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.20%. Acadia Realty Trust's dividend payout ratio (DPR) is 950.00%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. StockNews.com raised Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, September 28th. Truist Financial lifted their price target on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Compass Point raised shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $23.00 to $27.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. upgraded Acadia Realty Trust from an "underweight" rating to a "neutral" rating and set a $18.00 price target for the company in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Acadia Realty Trust has an average rating of "Moderate Buy" and an average price target of $21.60.
Read Our Latest Research Report on AKR
Acadia Realty Trust Company Profile
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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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