Twinbeech Capital LP Has $343,000 Stock Position in Acadia Realty Trust (NYSE:AKR)

Twinbeech Capital LP lessened its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 75.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,191 shares of the real estate investment trust's stock after selling 44,767 shares during the period. Twinbeech Capital LP's holdings in Acadia Realty Trust were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AKR. Smartleaf Asset Management LLC boosted its stake in shares of Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 717 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Acadia Realty Trust by 960.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock worth $89,000 after buying an additional 3,344 shares during the period. KBC Group NV boosted its position in shares of 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 worth $114,000 after buying an additional 1,448 shares during the period. Sandia Investment Management LP purchased a new stake in shares of Acadia Realty Trust in the fourth quarter worth about $121,000. Finally, Xponance Inc. acquired a new position in shares of Acadia Realty Trust in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR traded down $0.32 on Wednesday, reaching $19.09. 322,545 shares of the company traded hands, compared to its average volume of 1,070,060. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29. The company's 50 day moving average is $19.66 and its 200-day moving average is $22.28. The stock has a market capitalization of $2.50 billion, a PE ratio of 106.27, 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 posted its earnings results 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. The firm had revenue of $104.39 million for the quarter, compared to the consensus estimate of $86.99 million. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Monday, June 30th. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Insider Buying and Selling

In other news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.83% of the stock is owned by company insiders.

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 on the stock in a research 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.