Acadia Realty Trust (NYSE:AKR) Stock Holdings Lessened by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 50.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,954,618 shares of the real estate investment trust's stock after selling 3,048,511 shares during the period. Wellington Management Group LLP owned approximately 2.47% of Acadia Realty Trust worth $71,384,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Monument Capital Management grew its position in Acadia Realty Trust by 3.7% in the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust's stock valued at $335,000 after buying an additional 489 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Acadia Realty Trust by 91.3% in the 4th 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 in the last quarter. Captrust Financial Advisors grew its position in Acadia Realty Trust by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust's stock valued at $843,000 after buying an additional 731 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Acadia Realty Trust by 1.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust's stock valued at $1,389,000 after buying an additional 764 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Acadia Realty Trust by 2.9% in the 4th quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust's stock valued at $739,000 after buying an additional 857 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR traded down $0.26 during trading hours on Friday, hitting $19.25. 1,044,059 shares of the company's stock traded hands, compared to its average volume of 1,074,632. 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 company's fifty day simple moving average is $19.54 and its two-hundred day simple moving average is $22.17. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 106.94, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39.

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, beating the consensus estimate 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 analyst estimates of $86.99 million. During the same quarter last year, the firm posted $0.33 EPS. The business's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Monday, June 30th. Acadia Realty Trust's dividend payout ratio is presently 500.00%.

Insider Buying and Selling at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upgraded 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 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.