American Century Companies Inc. purchased a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,131 shares of the real estate investment trust's stock, valued at approximately $390,000.
Several other institutional investors also recently bought and sold shares of AKR. Jane Street Group LLC raised its stake in Acadia Realty Trust by 3.6% in the 3rd quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust's stock worth $2,358,000 after acquiring an additional 3,453 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter worth about $297,000. KBC Group NV increased its holdings in Acadia Realty Trust by 44.1% in the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after buying an additional 1,448 shares during the period. Barclays PLC raised its position in Acadia Realty Trust by 11.8% during the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust's stock worth $18,240,000 after buying an additional 81,853 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust's stock valued at $62,033,000 after acquiring an additional 63,672 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Acadia Realty Trust
In related news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.83% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Separately, Truist Financial raised Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a report on Thursday, April 10th.
Check Out Our Latest Research Report on AKR
Acadia Realty Trust Price Performance
Shares of NYSE:AKR traded up $0.25 during midday trading on Thursday, hitting $19.55. The company's stock had a trading volume of 150,780 shares, compared to its average volume of 1,046,168. The company has a market cap of $2.34 billion, a P/E ratio of 108.79, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a 12-month low of $16.14 and a 12-month high of $26.29. The business's 50 day simple moving average is $21.46 and its 200 day simple moving average is $23.17. 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 - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. On average, analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.
Acadia Realty Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.09%. The ex-dividend date was Monday, March 31st. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio (DPR) is 444.44%.
Acadia Realty Trust Profile
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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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