State of Wyoming Has $419,000 Stock Holdings in Acadia Realty Trust (NYSE:AKR)

State of Wyoming lifted its position in shares of Acadia Realty Trust (NYSE:AKR) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,351 shares of the real estate investment trust’s stock after acquiring an additional 2,224 shares during the quarter. State of Wyoming’s holdings in Acadia Realty Trust were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AKR. Smartleaf Asset Management LLC boosted its holdings in shares of Acadia Realty Trust by 91.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 717 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Acadia Realty Trust by 960.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 3,344 shares in the last quarter. KBC Group NV boosted its holdings in shares of Acadia Realty Trust by 44.1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 1,448 shares in the last quarter. Sandia Investment Management LP acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $121,000. Finally, Xponance Inc. acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction dated Thursday, March 6th. The stock was 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 can be accessed through the SEC website. Company insiders own 2.83% of the company’s stock.

Acadia Realty Trust Stock Down 2.2%

Shares of AKR opened at $19.68 on Wednesday. The company has a market capitalization of $2.58 billion, a PE ratio of 109.33, a PEG ratio of 6.09 and a beta of 1.39. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29. The stock’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $22.48. 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 (NYSE:AKR) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $104.39 million for the quarter, compared to the consensus estimate of $86.99 million. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. On average, analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, June 30th. Acadia Realty Trust’s payout ratio is presently 500.00%.

Wall Street Analyst Weigh In

Separately, Truist Financial raised Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, April 10th.

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.