Wellington Management Group LLP Has $71.38 Million Position in Acadia Realty Trust (NYSE:AKR)

Wellington Management Group LLP decreased its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 50.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 2.47% of Acadia Realty Trust worth $71,384,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Acadia Realty Trust in the fourth quarter worth approximately $552,000. KBC Group NV increased 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 worth $114,000 after buying an additional 1,448 shares during the last quarter. Barclays PLC increased its holdings 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 worth $18,240,000 after buying an additional 81,853 shares during the last quarter. Yousif Capital Management LLC increased its holdings in 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 buying an additional 4,341 shares during the last quarter. Finally, Norges Bank acquired a new position in Acadia Realty Trust in the fourth quarter worth approximately $8,439,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock traded down $0.02 during trading hours on Monday, reaching $19.24. 877,712 shares of the company were exchanged, compared to its average volume of 1,073,844. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 106.89, a PEG ratio of 6.09 and a beta of 1.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $19.50 and a 200 day moving average of $22.11. Acadia Realty Trust has a 12 month low of $16.53 and a 12 month high of $26.29.

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 return on equity of 0.88% and a net margin of 5.74%. The company had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. During the same period in the prior year, the business earned $0.33 earnings per share. Acadia Realty Trust's revenue for the quarter was up 14.2% compared to the same quarter last year. 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 firm also recently disclosed 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. 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 is 500.00%.

Insider Activity

In related news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a report on Thursday, April 10th.

Acadia Realty Trust Company 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.