Vanguard Group Inc. Raises Position in Acadia Realty Trust (NYSE:AKR)

Vanguard Group Inc. raised its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 8.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,097,268 shares of the real estate investment trust's stock after acquiring an additional 1,459,448 shares during the period. Vanguard Group Inc. owned approximately 15.13% of Acadia Realty Trust worth $437,230,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AKR. FMR LLC lifted its holdings in shares of Acadia Realty Trust by 290.3% in the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust's stock worth $224,910,000 after purchasing an additional 7,124,403 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Acadia Realty Trust by 381.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust's stock valued at $15,422,000 after buying an additional 520,319 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Acadia Realty Trust by 11.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock valued at $51,958,000 after buying an additional 219,983 shares in the last quarter. Amundi grew its holdings in shares of Acadia Realty Trust by 278.1% during the fourth quarter. Amundi now owns 284,052 shares of the real estate investment trust's stock valued at $6,479,000 after buying an additional 208,933 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new stake in shares of Acadia Realty Trust in the fourth quarter worth approximately $4,832,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Analyst Ratings Changes

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

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock traded down $1.17 during mid-day trading on Friday, reaching $18.31. 1,463,499 shares of the company's stock were exchanged, compared to its average volume of 1,057,639. The firm has a market capitalization of $2.19 billion, a PE ratio of 101.69, a P/E/G ratio of 6.09 and a beta of 1.24. 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 business's fifty day simple moving average is $22.39 and its 200 day simple moving average is $23.49. Acadia Realty Trust has a one year low of $16.14 and a one year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share 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%. On average, sell-side analysts expect 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 will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is currently 444.44%.

Insider Transactions 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 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 filing with the SEC, which is available through the SEC website. 2.83% of the stock is owned by corporate insiders.

About Acadia Realty Trust

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.