8,609 Shares in Acadia Realty Trust (NYSE:AKR) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR) in the third quarter, Holdings Channel reports. The fund acquired 8,609 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AKR. GAMMA Investing LLC lifted its position in shares of Acadia Realty Trust by 32.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 572 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Acadia Realty Trust in the first quarter valued at $58,000. USA Financial Formulas acquired a new stake in shares of Acadia Realty Trust in the third quarter worth $80,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Acadia Realty Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,039 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Acadia Realty Trust during the second quarter valued at $103,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Trading Up 1.2 %

NYSE:AKR opened at $24.89 on Tuesday. The company has a market capitalization of $2.98 billion, a P/E ratio of 276.56, a P/E/G ratio of 6.22 and a beta of 1.46. The stock’s 50 day moving average price is $23.79 and its 200 day moving average price is $20.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14. Acadia Realty Trust has a 52 week low of $14.62 and a 52 week high of $25.58.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The business had revenue of $87.70 million for the quarter, compared to the consensus estimate of $70.88 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts forecast that Acadia Realty Trust will post 1.28 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.05%. Acadia Realty Trust’s dividend payout ratio is currently 844.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AKR shares. Truist Financial raised their price objective on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $27.00 in a report on Thursday, October 10th. Finally, StockNews.com upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.