Balyasny Asset Management L.P. bought a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,593,879 shares of the real estate investment trust's stock, valued at approximately $38,508,000. Balyasny Asset Management L.P. owned about 1.33% of Acadia Realty Trust at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Acadia Realty Trust by 11.8% in the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust's stock valued at $18,240,000 after purchasing an additional 81,853 shares during the period. USA Financial Formulas grew its position in Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 489 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter valued at about $297,000. SG Americas Securities LLC boosted its position in Acadia Realty Trust by 27.7% during the 4th quarter. SG Americas Securities LLC now owns 38,378 shares of the real estate investment trust's stock worth $927,000 after buying an additional 8,322 shares during the period. Finally, KBC Group NV grew its stake in shares of Acadia Realty Trust by 44.1% in the fourth 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. Institutional investors own 97.65% of the company's stock.
Insider Activity at Acadia Realty Trust
In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.83% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Thursday, April 10th.
Check Out Our Latest Stock Report on AKR
Acadia Realty Trust Stock Up 0.4 %
Shares of NYSE AKR traded up $0.07 during trading on Friday, hitting $19.60. 773,309 shares of the company traded hands, compared to its average volume of 1,061,945. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 108.89, a P/E/G ratio of 6.09 and a beta of 1.39. The business's fifty day moving average is $20.17 and its 200 day moving average is $22.69. 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 has a fifty-two week low of $16.14 and a fifty-two week high of $26.29.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (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 for the quarter, compared to analyst estimates of $86.99 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company's quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.
Acadia Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Monday, June 30th. Acadia Realty Trust's payout ratio is presently 500.00%.
Acadia Realty Trust Company Profile
(
Free Report)
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.
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