D. E. Shaw & Co. Inc. Acquires Shares of 188,930 Acadia Realty Trust (NYSE:AKR)

D. E. Shaw & Co. Inc. purchased a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 188,930 shares of the real estate investment trust's stock, valued at approximately $4,565,000. D. E. Shaw & Co. Inc. owned about 0.16% of Acadia Realty Trust at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in 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 worth $36,000 after buying an additional 717 shares during the last quarter. Sterling Capital Management LLC raised its position in Acadia Realty Trust by 960.9% during the 4th 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 last quarter. KBC Group NV raised its position in Acadia Realty Trust by 44.1% during the 4th 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 last quarter. Xponance Inc. acquired a new stake in shares of Acadia Realty Trust during the 4th quarter worth approximately $203,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Acadia Realty Trust during the 4th quarter worth approximately $213,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction 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 SEC, which is available at this link. 2.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded down $0.02 during midday trading on Friday, reaching $18.98. 799,125 shares of the stock were exchanged, compared to its average volume of 1,072,157. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 105.45, a PEG ratio of 6.09 and a beta of 1.39. Acadia Realty Trust has a twelve month low of $16.14 and a twelve month high of $26.29. The firm has a 50-day simple moving average of $19.76 and a two-hundred day simple moving average of $22.38. 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 issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS 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 for the quarter, compared to analysts' expectations of $86.99 million. During the same quarter last year, the company earned $0.33 EPS. The business's revenue was up 14.2% on a year-over-year basis. As a group, analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.21%. Acadia Realty Trust's dividend payout ratio is currently 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.