Acadia Realty Trust (NYSE:AKR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,692 shares of the real estate investment trust's stock after selling 13,134 shares during the quarter. Rhumbline Advisers owned about 0.30% of Acadia Realty Trust worth $7,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Acadia Realty Trust by 21.3% in 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 during the period. Balyasny Asset Management L.P. acquired a new stake in Acadia Realty Trust in the fourth quarter valued at $38,508,000. Vanguard Group Inc. increased its position in shares of Acadia Realty Trust by 8.8% in the fourth quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock valued at $437,230,000 after buying an additional 1,459,448 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Acadia Realty Trust in the fourth quarter valued at $33,107,000. Finally, Northern Trust Corp raised 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 buying an additional 832,794 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Trading Down 0.2%

AKR traded down $0.03 during trading on Thursday, hitting $19.62. The company's stock had a trading volume of 1,075,687 shares, compared to its average volume of 1,084,466. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $26.29. The stock has a market cap of $2.57 billion, a PE ratio of 109.00, 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. The firm's 50 day moving average price is $19.38 and its 200-day moving average price is $21.89.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share 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 for the quarter, compared to analyst estimates of $86.99 million. During the same period in the previous year, the company posted $0.33 EPS. The company's revenue was up 14.2% compared to the same quarter last year. On average, analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Monday, June 30th. Acadia Realty Trust's dividend payout ratio is presently 500.00%.

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 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.