Dimensional Fund Advisors LP Acquires 109,116 Shares of Acadia Realty Trust (NYSE:AKR)

Dimensional Fund Advisors LP grew its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,575,874 shares of the real estate investment trust's stock after purchasing an additional 109,116 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.32% of Acadia Realty Trust worth $38,073,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Acadia Realty Trust by 91.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 717 shares during the last quarter. Sterling Capital Management LLC grew its position in Acadia Realty Trust by 960.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 3,344 shares in the last quarter. USA Financial Formulas increased its stake in Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 489 shares during the last quarter. KBC Group NV lifted its position in shares of Acadia Realty Trust by 44.1% during 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 in the last quarter. Finally, Xponance Inc. purchased a new position in shares of Acadia Realty Trust in the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Performance

Shares of AKR stock traded up $0.07 during trading hours on Friday, hitting $19.60. 773,309 shares of the company were exchanged, compared to its average volume of 1,059,884. Acadia Realty Trust has a 52-week low of $16.14 and a 52-week high of $26.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $20.17 and a 200 day simple moving average of $22.70. The stock 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.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $104.39 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.08%. Acadia Realty Trust's dividend payout ratio is currently 500.00%.

Analysts Set New Price Targets

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 research report on Thursday, April 10th.

Insider Transactions 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 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.83% of the company's stock.

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.