Acadia Realty Trust (NYSE:AKR) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in Acadia Realty Trust (NYSE:AKR) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,277 shares of the real estate investment trust’s stock after purchasing an additional 6,253 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.10% of Acadia Realty Trust worth $2,978,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jane Street Group LLC grew its position in shares of Acadia Realty Trust by 3.6% in the third quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust’s stock valued at $2,358,000 after purchasing an additional 3,453 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $297,000. KBC Group NV grew its position in shares of Acadia Realty Trust by 44.1% in 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 during the last quarter. Barclays PLC lifted its stake in shares of Acadia Realty Trust by 11.8% during the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock valued at $18,240,000 after buying an additional 81,853 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Acadia Realty Trust by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock valued at $45,331,000 after buying an additional 83,180 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jason Blacksberg sold 30,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial upped 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 note on Thursday, December 5th. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Acadia Realty Trust currently has an average rating of “Hold” and an average target price of $23.00.

Acadia Realty Trust Stock Performance

NYSE:AKR opened at $21.09 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. The company has a market cap of $2.52 billion, a P/E ratio of 117.14, a P/E/G ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a fifty-two week low of $16.13 and a fifty-two week high of $26.29. The firm’s 50 day moving average is $22.77 and its two-hundred day moving average is $23.61.

Acadia Realty Trust (NYSE:AKR) last posted 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%. Analysts expect that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.79%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s dividend payout ratio (DPR) 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.