Barclays PLC Cuts Holdings in Acadia Realty Trust (NYSE:AKR)

Barclays PLC lowered its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,585 shares of the real estate investment trust's stock after selling 480,284 shares during the period. Barclays PLC owned approximately 0.25% of Acadia Realty Trust worth $7,165,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Acadia Realty Trust in the 4th quarter worth $297,000. KBC Group NV increased its stake in 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 valued at $114,000 after acquiring an additional 1,448 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Acadia Realty Trust during the fourth quarter valued at about $552,000. Yousif Capital Management LLC boosted its holdings in shares of Acadia Realty Trust by 10.7% in the 4th quarter. Yousif Capital Management LLC now owns 45,038 shares of the real estate investment trust's stock worth $1,088,000 after purchasing an additional 4,341 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Acadia Realty Trust during the 4th quarter valued at about $8,439,000. Institutional investors own 97.65% of the company's stock.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.79% of the stock is owned by company insiders.

Acadia Realty Trust Trading Down 2.1 %

NYSE AKR traded down $0.42 on Wednesday, hitting $19.12. The company's stock had a trading volume of 1,330,214 shares, compared to its average volume of 1,048,563. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 52-week low of $16.14 and a 52-week high of $26.29. The firm has a market cap of $2.29 billion, a P/E ratio of 106.22, a PEG ratio of 6.09 and a beta of 1.24. The company's 50-day simple moving average is $20.66 and its 200 day simple moving average is $22.94.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $104.39 million for the quarter, compared to the consensus estimate of $86.99 million. During the same quarter in the prior year, the business earned $0.33 EPS. The business's revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts predict 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date was Monday, March 31st. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.18%. Acadia Realty Trust's dividend payout ratio is currently 444.44%.

Wall Street Analyst Weigh In

Separately, Truist Financial raised Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a research note on Thursday, April 10th.

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.