Acadia Realty Trust (NYSE:AKR) Short Interest Up 10.1% in April

Acadia Realty Trust (NYSE:AKR) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 3,370,000 shares, a growth of 10.1% from the March 31st total of 3,060,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is presently 2.9 days.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AKR shares. Truist Financial downgraded Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, January 16th. Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $20.00 in a research report on Friday, April 5th. Finally, Jefferies Financial Group upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $20.00 in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.50.

Institutional Investors Weigh In On Acadia Realty Trust

A number of large investors have recently added to or reduced their stakes in AKR. Federated Hermes Inc. grew its stake in shares of Acadia Realty Trust by 189.9% during the third quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,152 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Acadia Realty Trust during the first quarter valued at about $58,000. GAMMA Investing LLC bought a new position in shares of Acadia Realty Trust during the fourth quarter valued at about $61,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Acadia Realty Trust during the fourth quarter valued at about $174,000. Finally, Jump Financial LLC bought a new position in shares of Acadia Realty Trust during the third quarter valued at about $185,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 1.6 %

NYSE AKR opened at $17.61 on Tuesday. The stock’s 50-day simple moving average is $16.73 and its two-hundred day simple moving average is $16.23. Acadia Realty Trust has a twelve month low of $12.37 and a twelve month high of $17.73. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 92.66, a PEG ratio of 11.56 and a beta of 1.44.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a yield of 4.09%. Acadia Realty Trust’s payout ratio is 378.97%.

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.