Acadia Realty Trust (NYSE:AKR) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,571 shares of the real estate investment trust's stock after acquiring an additional 18,921 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of Acadia Realty Trust worth $4,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AKR. Smartleaf Asset Management LLC grew its stake in shares of 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 valued at $36,000 after acquiring an additional 717 shares during the period. Sterling Capital Management LLC lifted its holdings 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 in the last quarter. KBC Group NV boosted its position 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 acquiring an additional 1,448 shares during the last quarter. Sandia Investment Management LP purchased a new position in Acadia Realty Trust during the fourth quarter valued at $121,000. Finally, Xponance Inc. bought a new stake in Acadia Realty Trust in the 4th quarter valued at $203,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a report on Thursday, April 10th.

Acadia Realty Trust Trading Up 0.3%

NYSE:AKR traded up $0.07 during mid-day trading on Tuesday, hitting $19.31. 610,699 shares of the stock traded hands, compared to its average volume of 1,072,810. Acadia Realty Trust has a 52 week low of $16.53 and a 52 week high of $26.29. The firm's 50 day moving average is $19.46 and its two-hundred day moving average is $22.09. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 107.25, a PEG ratio of 6.09 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly 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. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The company had revenue of $104.39 million for the quarter, compared to the consensus estimate of $86.99 million. During the same quarter last year, the firm posted $0.33 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.14%. Acadia Realty Trust's dividend payout ratio is presently 500.00%.

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.