Two Sigma Advisers LP Makes New $1.50 Million Investment in Acadia Realty Trust (NYSE:AKR)

Two Sigma Advisers LP purchased a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 61,900 shares of the real estate investment trust's stock, valued at approximately $1,496,000. Two Sigma Advisers LP owned 0.05% of Acadia Realty Trust as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AKR. FMR LLC boosted its position in 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 valued at $280,757,000 after purchasing an additional 2,041,986 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Acadia Realty Trust in the 4th quarter valued at approximately $38,508,000. Vanguard Group Inc. increased its holdings in shares of Acadia Realty Trust by 8.8% during 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 purchasing an additional 1,459,448 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of Acadia Realty Trust during the fourth quarter valued at approximately $33,107,000. Finally, Northern Trust Corp raised its stake in shares of Acadia Realty Trust by 73.1% in 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 in the last quarter. Institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Stock Down 0.2%

Shares of NYSE:AKR traded down $0.04 during midday trading on Wednesday, hitting $19.24. 86,153 shares of the stock were exchanged, compared to its average volume of 1,068,956. The company has a market capitalization of $2.52 billion, a PE ratio of 106.92, a P/E/G ratio of 6.09 and a beta of 1.39. Acadia Realty Trust has a 52-week low of $16.53 and a 52-week high of $26.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The business's fifty day simple moving average is $19.46 and its two-hundred day simple moving average is $22.09.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.16%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 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 target price on the stock in a report on Thursday, April 10th.

Insider Activity at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.83% of the stock is owned by company insiders.

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.