Acadia Realty Trust (NYSE:AKR) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Acadia Realty Trust (NYSE:AKR) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,663 shares of the real estate investment trust’s stock after purchasing an additional 476 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Acadia Realty Trust worth $3,725,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AKR. Allspring Global Investments Holdings LLC acquired a new position in shares of Acadia Realty Trust during the 1st quarter worth approximately $58,000. BNP Paribas Financial Markets raised its position in shares of Acadia Realty Trust by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 55,332 shares of the real estate investment trust’s stock worth $941,000 after purchasing an additional 24,609 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Acadia Realty Trust by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,619 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 932 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Acadia Realty Trust by 8.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 89,510 shares of the real estate investment trust’s stock worth $1,523,000 after purchasing an additional 7,185 shares during the last quarter. Finally, Swiss National Bank grew its stake in Acadia Realty Trust by 7.5% in the 1st quarter. Swiss National Bank now owns 201,800 shares of the real estate investment trust’s stock worth $3,433,000 after acquiring an additional 14,000 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 0.4 %

Shares of NYSE AKR opened at $25.00 on Friday. Acadia Realty Trust has a 52-week low of $14.06 and a 52-week high of $25.58. The firm has a fifty day moving average of $23.52 and a 200-day moving average of $20.45. The stock has a market capitalization of $2.99 billion, a PE ratio of 277.78, a P/E/G ratio of 6.34 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $87.70 million for the quarter, compared to analysts’ expectations of $70.88 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.04%. Acadia Realty Trust’s dividend payout ratio (DPR) is 844.44%.

Analyst Upgrades and Downgrades

AKR has been the subject of several recent analyst reports. Compass Point raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a research note on Thursday, October 10th. Truist Financial lifted their target price on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Finally, StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.60.

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.