Sei Investments Co. Sells 30,011 Shares of Acadia Realty Trust (NYSE:AKR)

Sei Investments Co. cut its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,896 shares of the real estate investment trust's stock after selling 30,011 shares during the period. Sei Investments Co.'s holdings in Acadia Realty Trust were worth $843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. bought a new position in Acadia Realty Trust in the 4th quarter worth $390,000. Quantbot Technologies LP purchased a new stake in Acadia Realty Trust in the fourth quarter worth about $4,012,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Acadia Realty Trust by 57.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,373 shares of the real estate investment trust's stock worth $1,531,000 after buying an additional 23,111 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of Acadia Realty Trust by 13.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 40,295 shares of the real estate investment trust's stock valued at $974,000 after buying an additional 4,726 shares in the last quarter. Finally, Xponance Inc. bought a new position in shares of Acadia Realty Trust during the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

Wall Street Analyst Weigh In

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

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Acadia Realty Trust Price Performance

AKR stock traded up $0.14 during trading on Friday, reaching $18.71. The company's stock had a trading volume of 777,627 shares, compared to its average volume of 1,062,279. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The company's fifty day moving average is $21.72 and its 200-day moving average is $23.26. The company has a market capitalization of $2.24 billion, a P/E ratio of 103.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a 1 year low of $16.14 and a 1 year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (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, research analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.28%. Acadia Realty Trust's dividend payout ratio is presently 444.44%.

Insider Buying and Selling at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 SEC, which can be accessed through the SEC website. 2.83% of the stock is owned by company insiders.

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.