Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Acadia Realty Trust (NYSE:AKR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Acadia Realty Trust (NYSE:AKR) by 57.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,373 shares of the real estate investment trust’s stock after purchasing an additional 23,111 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Acadia Realty Trust were worth $1,531,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 717 shares during the period. USA Financial Formulas increased its holdings in 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 worth $94,000 after acquiring an additional 489 shares in the last quarter. KBC Group NV raised 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 during the period. Xponance Inc. purchased a new position in Acadia Realty Trust during the fourth quarter valued at approximately $203,000. Finally, Longboard Asset Management LP bought a new position in shares of Acadia Realty Trust in the fourth quarter worth approximately $213,000. Institutional investors own 97.65% of the company’s stock.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the 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 can be accessed through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Acadia Realty Trust Trading Down 0.7 %

Shares of NYSE AKR opened at $21.34 on Wednesday. Acadia Realty Trust has a twelve month low of $16.13 and a twelve month 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. The business has a fifty day simple moving average of $22.73 and a two-hundred day simple moving average of $23.61. The firm has a market cap of $2.55 billion, a PE ratio of 118.56, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49.

Acadia Realty Trust (NYSE:AKR) last issued 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 net margin of 5.74% and a return on equity of 0.88%. Analysts expect that Acadia Realty Trust will post 1.34 earnings per share 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. Stockholders 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 is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 444.44%.

Analysts Set New Price Targets

AKR has been the topic of several recent analyst reports. Truist Financial raised their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Hold” and an average target price of $23.00.

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.