Two Sigma Investments LP Takes $1.49 Million Position in Acadia Realty Trust (NYSE:AKR)

Two Sigma Investments LP bought a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,490 shares of the real estate investment trust's stock, valued at approximately $1,486,000. Two Sigma Investments LP owned about 0.05% of Acadia Realty Trust as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AKR. State of Wyoming boosted its holdings in shares of Acadia Realty Trust by 14.7% during the fourth quarter. State of Wyoming now owns 17,351 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 2,224 shares during the period. Sandia Investment Management LP purchased a new stake in shares of Acadia Realty Trust during the fourth quarter worth about $121,000. Point72 Asset Management L.P. purchased a new stake in shares of Acadia Realty Trust during the fourth quarter worth about $10,650,000. ProShare Advisors LLC boosted its holdings in shares of Acadia Realty Trust by 64.0% during the fourth quarter. ProShare Advisors LLC now owns 35,360 shares of the real estate investment trust's stock worth $854,000 after purchasing an additional 13,797 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Acadia Realty Trust by 19.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,714 shares of the real estate investment trust's stock worth $401,000 after purchasing an additional 2,664 shares during the period. Institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Down 0.4%

AKR traded down $0.09 on Thursday, hitting $19.14. The company had a trading volume of 1,066,445 shares, compared to its average volume of 1,072,225. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. Acadia Realty Trust has a 52-week low of $16.53 and a 52-week high of $26.29. The stock has a fifty day simple moving average of $19.43 and a 200-day simple moving average of $22.07. The firm has a market capitalization of $2.51 billion, a P/E ratio of 106.31, 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 data on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The business had revenue of $104.39 million during the quarter, compared to analyst estimates of $86.99 million. During the same period last year, the business posted $0.33 earnings per share. Acadia Realty Trust's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.18%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analyst Upgrades and Downgrades

Separately, Truist Financial upgraded 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 report on Thursday, April 10th.

Acadia Realty Trust Company 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.