Vident Advisory LLC Sells 30,386 Shares of Acadia Realty Trust (NYSE:AKR)

Vident Advisory LLC reduced its stake in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,765 shares of the real estate investment trust's stock after selling 30,386 shares during the quarter. Vident Advisory LLC's holdings in Acadia Realty Trust were worth $1,033,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 717 shares during the period. Sterling Capital Management LLC lifted its holdings 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 buying an additional 3,344 shares during the period. KBC Group NV lifted its holdings 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 buying an additional 1,448 shares during the period. Sandia Investment Management LP acquired a new position in Acadia Realty Trust in the fourth quarter valued at approximately $121,000. Finally, Xponance Inc. acquired a new stake in Acadia Realty Trust in the fourth quarter worth $203,000. 97.65% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial raised shares of 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 Up 2.2%

Acadia Realty Trust stock traded up $0.42 during mid-day trading on Thursday, reaching $19.50. The company's stock had a trading volume of 228,189 shares, compared to its average volume of 1,069,588. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 108.08, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29. The business's 50 day simple moving average is $19.62 and its 200 day simple moving average is $22.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96.

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

Acadia Realty Trust Dividend Announcement

The company 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Monday, June 30th. 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.