Marshall Wace LLP Has $36.16 Million Stock Position in Acadia Realty Trust (NYSE:AKR)

Marshall Wace LLP raised its stake in Acadia Realty Trust (NYSE:AKR) by 94.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,496,532 shares of the real estate investment trust’s stock after acquiring an additional 727,392 shares during the period. Marshall Wace LLP’s holdings in Acadia Realty Trust were worth $36,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AKR. Jane Street Group LLC lifted its holdings in shares of Acadia Realty Trust by 3.6% during the 3rd quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust’s stock worth $2,358,000 after acquiring an additional 3,453 shares during the period. Contravisory Investment Management Inc. bought a new position in Acadia Realty Trust during the fourth quarter worth about $297,000. KBC Group NV boosted its holdings in Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,448 shares in the last quarter. Barclays PLC grew its stake in shares of Acadia Realty Trust by 11.8% in the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock valued at $18,240,000 after purchasing an additional 81,853 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Acadia Realty Trust by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after buying an additional 63,672 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, April 10th.

Insider Buying and Selling

In related news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Acadia Realty Trust Stock Performance

AKR stock opened at $19.92 on Friday. 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 has a twelve month low of $16.14 and a twelve month high of $26.29. The business’s fifty day moving average is $21.32 and its 200-day moving average is $23.12. The company has a market cap of $2.39 billion, a P/E ratio of 110.64, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given 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 was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.02%. Acadia Realty Trust’s dividend payout ratio is currently 444.44%.

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.