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

Two Sigma Investments LP purchased a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 61,490 shares of the real estate investment trust's stock, valued at approximately $1,486,000. Two Sigma Investments LP owned approximately 0.05% of Acadia Realty Trust at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Acadia Realty Trust by 91.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 717 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Acadia Realty Trust by 960.9% during the fourth 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 during the period. KBC Group NV lifted its holdings in shares of Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after purchasing an additional 1,448 shares during the period. Sandia Investment Management LP acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth $121,000. Finally, Xponance Inc. acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth $203,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Trading Up 2.0%

NYSE AKR traded up $0.39 during mid-day trading on Friday, reaching $19.54. 993,674 shares of the stock were exchanged, compared to its average volume of 1,076,766. Acadia Realty Trust has a one year low of $16.53 and a one year high of $26.29. The stock has a 50 day simple moving average of $19.37 and a 200-day simple moving average of $22.00. The stock has a market cap of $2.56 billion, a P/E ratio of 108.53, a P/E/G ratio of 6.09 and a beta of 1.39. 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 (NYSE:AKR - Get Free Report) last announced 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 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 the consensus estimate of $86.99 million. During the same quarter last year, the firm earned $0.33 earnings per share. Acadia Realty Trust's quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business 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 annualized dividend and a yield of 4.10%. The ex-dividend date is Monday, June 30th. Acadia Realty Trust's dividend payout ratio (DPR) is currently 500.00%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a report 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.