Acadia Realty Trust (NYSE:AKR) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its stake in Acadia Realty Trust (NYSE:AKR) by 3.6% during the third quarter, HoldingsChannel.com reports. The firm owned 100,409 shares of the real estate investment trust’s stock after purchasing an additional 3,453 shares during the period. Jane Street Group LLC’s holdings in Acadia Realty Trust were worth $2,358,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AKR. Asset Management One Co. Ltd. increased its holdings in Acadia Realty Trust by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust’s stock valued at $3,725,000 after buying an additional 476 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Acadia Realty Trust by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 90,041 shares of the real estate investment trust’s stock worth $1,614,000 after acquiring an additional 531 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Acadia Realty Trust by 2.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,795 shares of the real estate investment trust’s stock valued at $559,000 after acquiring an additional 582 shares during the last quarter. Arizona State Retirement System raised its position in shares of Acadia Realty Trust by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 28,831 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 724 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Acadia Realty Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 1,039 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

AKR has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Compass Point raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $27.00 in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $22.40.

Acadia Realty Trust Stock Performance

AKR stock opened at $23.89 on Monday. Acadia Realty Trust has a 1 year low of $16.09 and a 1 year high of $26.29. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 265.44, a PEG ratio of 6.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $24.87 and its two-hundred day moving average is $22.15.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). The firm had revenue of $87.70 million during the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, research analysts predict that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.18%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 844.44%.

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.