Schroder Investment Management Group Sells 41,825 Shares of Acadia Realty Trust (NYSE:AKR)

Schroder Investment Management Group lessened its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,005,557 shares of the real estate investment trust's stock after selling 41,825 shares during the quarter. Schroder Investment Management Group owned approximately 0.84% of Acadia Realty Trust worth $23,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings in Acadia Realty Trust by 36.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 40,709 shares of the real estate investment trust's stock valued at $984,000 after buying an additional 10,974 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Acadia Realty Trust by 13.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 155,490 shares of the real estate investment trust's stock valued at $3,757,000 after acquiring an additional 19,034 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Acadia Realty Trust during the fourth quarter worth about $374,000. Norges Bank bought a new stake in shares of Acadia Realty Trust in the fourth quarter worth about $8,439,000. Finally, Easterly Investment Partners LLC increased its holdings in Acadia Realty Trust by 54.2% during 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 during the period. Institutional investors own 97.65% of the company's stock.

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Acadia Realty Trust Stock Down 1.1 %

Shares of NYSE AKR traded down $0.21 during midday trading on Monday, hitting $18.12. The stock had a trading volume of 1,800,405 shares, compared to its average volume of 1,060,598. The company has a market cap of $2.17 billion, a P/E ratio of 100.69, a PEG ratio of 6.09 and a beta of 1.24. The business's 50 day moving average is $22.28 and its 200-day moving average is $23.46. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29. 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 (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. As a group, analysts predict that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.41%. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's payout ratio is presently 444.44%.

Insider Activity at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on Acadia Realty Trust from $25.00 to $23.00 and set a "hold" rating on the stock in a research report on Tuesday, April 1st.

Acadia Realty Trust 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.