D. E. Shaw & Co. Inc. bought a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 188,930 shares of the real estate investment trust's stock, valued at approximately $4,565,000. D. E. Shaw & Co. Inc. owned approximately 0.16% of Acadia Realty Trust at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AKR. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 1,459,448 shares in the last quarter. FMR LLC boosted its stake in shares of 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 acquiring an additional 2,041,986 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Acadia Realty Trust by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust's stock worth $71,278,000 after acquiring an additional 308,117 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Acadia Realty Trust by 11.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock worth $51,958,000 after acquiring an additional 219,983 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of 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 acquiring an additional 832,794 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company's stock.
Acadia Realty Trust Stock Performance
Shares of NYSE AKR traded up $0.01 during trading hours on Thursday, hitting $19.05. 386,701 shares of the company's stock were exchanged, compared to its average volume of 1,068,952. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year high of $26.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 105.78, a PEG ratio of 6.09 and a beta of 1.39. The company's 50-day moving average price is $19.85 and its 200-day moving average price is $22.46.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $0.33 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.
Acadia Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.20%. Acadia Realty Trust's dividend payout ratio (DPR) is 500.00%.
Analyst Ratings Changes
Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Thursday, April 10th.
Check Out Our Latest Analysis on AKR
Insider Buying and Selling at Acadia Realty Trust
In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 available at the SEC website. Insiders own 2.83% of the company's stock.
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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