Nuveen Asset Management LLC Sells 92,121 Shares of Acadia Realty Trust (NYSE:AKR)

Nuveen Asset Management LLC trimmed its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 25.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,041 shares of the real estate investment trust's stock after selling 92,121 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Acadia Realty Trust worth $6,548,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Acadia Realty Trust in the 4th quarter worth approximately $552,000. KBC Group NV grew its stake in Acadia Realty Trust by 44.1% in the 4th 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 period. Barclays PLC increased its stake in Acadia Realty Trust by 11.8% in the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust's stock valued at $18,240,000 after purchasing an additional 81,853 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Acadia Realty Trust by 10.7% in the fourth quarter. Yousif Capital Management LLC now owns 45,038 shares of the real estate investment trust's stock worth $1,088,000 after acquiring an additional 4,341 shares during the last quarter. Finally, Norges Bank acquired a new position in Acadia Realty Trust during the fourth quarter worth approximately $8,439,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised 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 research note on Thursday, April 10th.

Insider Transactions at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the business'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 transaction of $684,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock traded down $0.14 on Wednesday, hitting $19.13. The company had a trading volume of 69,244 shares, compared to its average volume of 1,065,786. The business has a 50-day simple moving average of $19.46 and a 200-day simple moving average of $22.09. Acadia Realty Trust has a 52 week low of $16.53 and a 52 week high of $26.29. The company has a market cap of $2.50 billion, a PE ratio of 106.26, a PEG ratio of 6.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96.

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. The firm had revenue of $104.39 million for the quarter, compared to analysts' expectations of $86.99 million. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.18%. Acadia Realty Trust's payout ratio is 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.