FJ Capital Management LLC Lowers Stake in Acadia Realty Trust (NYSE:AKR)

FJ Capital Management LLC trimmed its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,062 shares of the real estate investment trust's stock after selling 26,024 shares during the quarter. FJ Capital Management LLC's holdings in Acadia Realty Trust were worth $1,137,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of 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 worth $280,757,000 after acquiring an additional 2,041,986 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Acadia Realty Trust during the 4th quarter worth about $38,508,000. Vanguard Group Inc. boosted its stake in shares of Acadia Realty Trust by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after acquiring an additional 1,459,448 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Acadia Realty Trust during the 4th quarter worth about $33,107,000. Finally, Northern Trust Corp boosted 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 acquiring an additional 832,794 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock traded down $0.38 during midday trading on Wednesday, reaching $19.85. The company had a trading volume of 251,822 shares, compared to its average volume of 1,094,009. The company has a market capitalization of $2.60 billion, a P/E ratio of 110.28, a P/E/G 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 firm's fifty day simple moving average is $20.08 and its 200-day simple moving average is $22.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $104.39 million for the quarter, compared to analyst estimates of $86.99 million. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Acadia Realty Trust's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. As a group, equities analysts anticipate that Acadia Realty Trust will post 1.34 EPS 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. Shareholders of record on Monday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.03%. Acadia Realty Trust's payout ratio is 500.00%.

Analyst Ratings Changes

Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research note on Thursday, April 10th.

Insider Buying and Selling at Acadia Realty Trust

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

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.