Jacobs Levy Equity Management Inc. Sells 154,563 Shares of Acadia Realty Trust (NYSE:AKR)

Jacobs Levy Equity Management Inc. cut its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 83.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,607 shares of the real estate investment trust's stock after selling 154,563 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Acadia Realty Trust were worth $739,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 717 shares during the period. Sterling Capital Management LLC grew its stake in 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 valued at $89,000 after acquiring an additional 3,344 shares during the period. KBC Group NV grew its stake in 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 valued at $114,000 after acquiring an additional 1,448 shares during the period. Xponance Inc. acquired a new position in Acadia Realty Trust in the fourth quarter valued at about $203,000. Finally, Longboard Asset Management LP acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth about $213,000. 97.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jason Blacksberg sold 30,000 shares of the company'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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Acadia Realty Trust Stock Down 0.1%

Shares of AKR stock traded down $0.02 on Friday, hitting $18.98. 799,125 shares of the stock were exchanged, compared to its average volume of 1,072,157. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.49 billion, a P/E ratio of 105.45, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39. The business has a 50-day moving average of $19.76 and a 200 day moving average of $22.38. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29.

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 company had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. During the same period in the prior year, the firm earned $0.33 earnings per share. Acadia Realty Trust's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 4.21%. 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.