GAMMA Investing LLC increased its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 2,163.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,025 shares of the real estate investment trust's stock after acquiring an additional 65,020 shares during the period. GAMMA Investing LLC owned about 0.06% of Acadia Realty Trust worth $1,425,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of AKR. FMR LLC lifted its holdings in Acadia Realty Trust by 21.3% during the 4th quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust's stock worth $280,757,000 after buying an additional 2,041,986 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Acadia Realty Trust during the 4th quarter worth $38,508,000. Vanguard Group Inc. lifted its holdings in Acadia Realty Trust by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after buying an additional 1,459,448 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Acadia Realty Trust during the 4th quarter worth $33,107,000. Finally, Northern Trust Corp lifted its holdings in Acadia Realty Trust by 73.1% during the 4th quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock worth $47,646,000 after buying an additional 832,794 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.
Acadia Realty Trust Stock Up 0.2%
Shares of NYSE AKR traded up $0.05 during mid-day trading on Wednesday, hitting $19.27. The company had a trading volume of 1,499,255 shares, compared to its average volume of 1,092,800. Acadia Realty Trust has a one year low of $16.98 and a one year high of $26.29. The company has a market capitalization of $2.52 billion, a PE ratio of 120.42, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39. The firm has a 50-day simple moving average of $19.49 and a two-hundred day simple moving average of $21.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.59.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $104.39 million during the quarter, compared to the consensus estimate of $86.99 million. Acadia Realty Trust had a net margin of 5.36% and a return on equity of 0.81%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. On average, equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current 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 given a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.15%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.
Wall Street Analyst Weigh In
Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Thursday, April 10th.
Check Out Our Latest Stock Analysis on AKR
About Acadia Realty Trust
(
Free Report)
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.
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