Swiss National Bank Buys 5,400 Shares of Acadia Realty Trust (NYSE:AKR)

Swiss National Bank grew its stake in Acadia Realty Trust (NYSE:AKR) by 2.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 207,200 shares of the real estate investment trust’s stock after acquiring an additional 5,400 shares during the period. Swiss National Bank’s holdings in Acadia Realty Trust were worth $5,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Acadia Realty Trust by 91.3% in 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 during the period. USA Financial Formulas increased its stake in shares of Acadia Realty Trust by 14.4% during the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 489 shares during the period. KBC Group NV lifted its holdings in 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 worth $114,000 after purchasing an additional 1,448 shares during the last quarter. Longboard Asset Management LP bought a new stake in Acadia Realty Trust in the 4th quarter valued at $213,000. Finally, Metis Global Partners LLC grew its holdings in Acadia Realty Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 12,081 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 1,233 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AKR shares. Truist Financial boosted their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.00.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the 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 accessible through the SEC website. Company insiders own 2.83% of the company’s stock.

Acadia Realty Trust Stock Performance

AKR opened at $21.48 on Tuesday. The firm has a market cap of $2.57 billion, a P/E ratio of 119.34, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49. The business’s fifty day moving average is $22.75 and its 200-day moving average is $23.62. Acadia Realty Trust has a 52-week low of $16.13 and a 52-week high of $26.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96.

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

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 3.72%. Acadia Realty Trust’s dividend payout ratio is presently 444.44%.

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.