Acadia Realty Trust (NYSE:AKR) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 1,097.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,658 shares of the real estate investment trust's stock after acquiring an additional 136,246 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Acadia Realty Trust worth $3,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Acadia Realty Trust by 91.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 717 shares during the last quarter. USA Financial Formulas raised its holdings 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 valued at $94,000 after buying an additional 489 shares during the period. KBC Group NV lifted its stake in Acadia Realty Trust by 44.1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 1,448 shares in the last quarter. Xponance Inc. purchased a new position in Acadia Realty Trust during the 4th quarter valued at about $203,000. Finally, Longboard Asset Management LP acquired a new position in Acadia Realty Trust in the 4th quarter valued at about $213,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a research report on Thursday, April 10th.

Acadia Realty Trust Stock Up 2.0 %

Shares of NYSE AKR traded up $0.38 during mid-day trading on Tuesday, hitting $19.84. The company had a trading volume of 725,486 shares, compared to its average volume of 1,048,459. The company has a market capitalization of $2.38 billion, a PE ratio of 110.22, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. The business's 50-day simple moving average is $21.13 and its 200 day simple moving average is $23.08. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year 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.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's payout ratio is 444.44%.

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 on Thursday, March 6th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.83% of the company's stock.

Acadia Realty Trust Company Profile

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.