Susquehanna Fundamental Investments LLC Acquires Shares of 101,198 Acadia Realty Trust (NYSE:AKR)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 101,198 shares of the real estate investment trust's stock, valued at approximately $2,445,000. Susquehanna Fundamental Investments LLC owned approximately 0.08% of Acadia Realty Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AKR. Vanguard Group Inc. grew its holdings in shares of Acadia Realty Trust by 8.8% during the fourth quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after purchasing an additional 1,459,448 shares during the last quarter. FMR LLC boosted its position in Acadia Realty Trust by 21.3% during the 4th quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust's stock worth $280,757,000 after buying an additional 2,041,986 shares during the period. Geode Capital Management LLC increased its position in Acadia Realty Trust by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust's stock valued at $71,278,000 after acquiring an additional 308,117 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Acadia Realty Trust by 11.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock valued at $51,958,000 after acquiring an additional 219,983 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Acadia Realty Trust by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,874 shares of the real estate investment trust's stock valued at $38,073,000 after acquiring an additional 109,116 shares during the last quarter. Institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Trading Down 1.3 %

Shares of NYSE:AKR traded down $0.25 during trading on Monday, reaching $19.53. The stock had a trading volume of 144,644 shares, compared to its average volume of 1,093,110. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 108.56, a P/E/G ratio of 6.09 and a beta of 1.39. The firm's fifty day moving average is $20.53 and its 200 day moving average is $22.85. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released 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. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The business had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. During the same quarter last year, the firm posted $0.33 earnings per share. The firm's revenue was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.20 dividend. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Monday, March 31st. Acadia Realty Trust's payout ratio is 500.00%.

Insider Activity

In related news, EVP Jason Blacksberg sold 30,000 shares of the business's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.83% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company 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.