Acadia Realty Trust (NYSE:AKR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 286,174 shares of the real estate investment trust's stock after selling 25,289 shares during the quarter. Ameriprise Financial Inc. owned 0.24% of Acadia Realty Trust worth $6,920,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Monument Capital Management grew its holdings in shares of Acadia Realty Trust by 3.7% in the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust's stock valued at $335,000 after acquiring an additional 489 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in 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. The Manufacturers Life Insurance Company increased its position in Acadia Realty Trust by 1.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust's stock worth $1,389,000 after buying an additional 764 shares during the last quarter. Arizona State Retirement System increased its position in Acadia Realty Trust by 2.9% during the fourth quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust's stock worth $739,000 after buying an additional 857 shares during the last quarter. Finally, Mariner LLC increased its position in Acadia Realty Trust by 2.5% during the fourth quarter. Mariner LLC now owns 44,221 shares of the real estate investment trust's stock worth $1,068,000 after buying an additional 1,080 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Insiders Place Their Bets

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

Acadia Realty Trust Price Performance

Shares of AKR stock traded down $0.24 during trading on Wednesday, hitting $19.18. The company had a trading volume of 101,366 shares, compared to its average volume of 1,069,191. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $2.51 billion, a P/E ratio of 106.25, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39. The stock's 50-day moving average price is $19.66 and its 200 day moving average price is $22.28. Acadia Realty Trust has a one year low of $16.14 and a one year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The business had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. During the same period in the previous year, the company posted $0.33 earnings per share. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Monday, June 30th. Acadia Realty Trust's payout ratio is presently 500.00%.

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.