Citadel Advisors LLC Has $8.41 Million Holdings in Acadia Realty Trust (NYSE:AKR)

Citadel Advisors LLC lifted its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,155 shares of the real estate investment trust's stock after acquiring an additional 79,222 shares during the period. Citadel Advisors LLC owned approximately 0.29% of Acadia Realty Trust worth $8,411,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AKR. Balyasny Asset Management L.P. bought a new position in shares of Acadia Realty Trust during the fourth quarter worth about $38,508,000. Bank of America Corp DE grew its stake in shares of Acadia Realty Trust by 37.3% during the 4th quarter. Bank of America Corp DE now owns 281,151 shares of the real estate investment trust's stock worth $6,793,000 after acquiring an additional 76,394 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Acadia Realty Trust during the 4th quarter worth approximately $378,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $2,689,000. Finally, Northern Trust Corp lifted its position in shares of Acadia Realty Trust by 73.1% in the fourth quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock worth $47,646,000 after purchasing an additional 832,794 shares in the last quarter. Institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Down 0.8%

AKR traded down $0.16 on Monday, hitting $20.13. 732,398 shares of the company were exchanged, compared to its average volume of 1,069,826. The stock's fifty day moving average is $19.95 and its 200-day moving average is $22.53. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month 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. The company has a market cap of $2.64 billion, a PE ratio of 111.83, a PEG ratio of 6.09 and a beta of 1.39.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $104.39 million for the quarter, compared to analyst estimates of $86.99 million. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Monday, June 30th. Acadia Realty Trust's dividend payout ratio is currently 500.00%.

Analyst Ratings Changes

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.

Insider Activity

In related news, EVP Jason Blacksberg sold 30,000 shares of the firm's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.83% of the company's stock.

About Acadia Realty Trust

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.