Price T Rowe Associates Inc. MD lessened its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,828,875 shares of the real estate investment trust's stock after selling 47,115 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 7.38% of Acadia Realty Trust worth $213,307,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in 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. Sterling Capital Management LLC boosted its position in shares of Acadia Realty Trust by 960.9% during 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 acquiring an additional 3,344 shares in the last quarter. USA Financial Formulas increased its stake in 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 acquiring an additional 489 shares during the period. KBC Group NV raised its position in 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 worth $114,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Xponance Inc. bought a new position in Acadia Realty Trust during the fourth quarter worth about $203,000. 97.65% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a research note on Thursday, April 10th.
View Our Latest Research Report on Acadia Realty Trust
Insiders Place Their Bets
In other news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.83% of the company's stock.
Acadia Realty Trust Price Performance
AKR stock traded down $0.31 during midday trading on Tuesday, reaching $19.48. 989,868 shares of the company's stock traded hands, compared to its average volume of 1,048,347. The company has a 50-day simple moving average of $20.81 and a two-hundred day simple moving average of $22.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year high of $26.29. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 108.21, a PEG ratio of 6.09 and a beta of 1.24.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. During the same period last year, the firm earned $0.33 earnings per share. The business's quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.
Acadia Realty Trust Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio (DPR) is currently 444.44%.
Acadia Realty Trust Profile
(
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
