Vanguard Group Inc. Has $437.23 Million Stake in Acadia Realty Trust (NYSE:AKR)

Vanguard Group Inc. lifted its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 15.13% of Acadia Realty Trust worth $437,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings 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 valued at $36,000 after purchasing an additional 717 shares during the last quarter. USA Financial Formulas boosted its holdings in shares of Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after buying an additional 489 shares during the period. KBC Group NV grew its stake in Acadia Realty Trust by 44.1% in the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock valued at $114,000 after buying an additional 1,448 shares during the last quarter. Xponance Inc. bought a new position in Acadia Realty Trust in the 4th quarter worth $203,000. Finally, Longboard Asset Management LP acquired a new position in Acadia Realty Trust during the 4th quarter worth $213,000. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Stock Performance

Shares of NYSE:AKR traded down $1.70 during trading on Thursday, hitting $19.49. 912,873 shares of the stock were exchanged, compared to its average volume of 1,055,159. The company's fifty day simple moving average is $22.49 and its 200-day simple moving average is $23.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 108.25, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year high of $26.29.

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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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Sell-side analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business 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 $0.20 dividend. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 4.11%. Acadia Realty Trust's payout ratio is currently 444.44%.

Analysts Set New Price Targets

Separately, Truist Financial lowered their target price on Acadia Realty Trust from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $22.00.

Insider Buying and Selling at Acadia Realty Trust

In other 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 value of $684,300.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company 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.