Invesco Ltd. Purchases 154,174 Shares of Acadia Realty Trust (NYSE:AKR)

Invesco Ltd. increased its position in shares of Acadia Realty Trust (NYSE:AKR) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,208 shares of the real estate investment trust’s stock after purchasing an additional 154,174 shares during the period. Invesco Ltd. owned 0.86% of Acadia Realty Trust worth $24,866,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC lifted 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 acquiring an additional 3,453 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Acadia Realty Trust during the 4th quarter valued at approximately $297,000. KBC Group NV increased its position in 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 worth $114,000 after purchasing an additional 1,448 shares during the last quarter. Barclays PLC lifted its holdings 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 acquiring an additional 81,853 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Acadia Realty Trust by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after acquiring an additional 63,672 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

AKR stock opened at $19.92 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29. The stock has a market cap of $2.39 billion, a PE ratio of 110.64, a P/E/G ratio of 6.09 and a beta of 1.24. The company has a 50-day moving average price of $21.32 and a 200 day moving average price of $23.12.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. Equities research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. This is a positive change 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 4.02%. The ex-dividend date of this dividend was Monday, March 31st. Acadia Realty Trust’s payout ratio is currently 444.44%.

Analysts Set New Price Targets

Separately, Truist Financial raised 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 Transactions at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.83% of the company’s stock.

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.