Invesco Ltd. Purchases 154,174 Shares of Acadia Realty Trust (NYSE:AKR)

Invesco Ltd. lifted its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,029,208 shares of the real estate investment trust's stock after purchasing an additional 154,174 shares during the quarter. Invesco Ltd. owned about 0.86% of Acadia Realty Trust worth $24,866,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AKR. Smartleaf Asset Management LLC increased its stake in shares of Acadia Realty Trust by 91.3% during 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. USA Financial Formulas increased its stake in Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 489 shares in the last quarter. KBC Group NV boosted its position 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 last quarter. Xponance Inc. acquired a new position in shares of Acadia Realty Trust in the 4th quarter valued at about $203,000. Finally, Longboard Asset Management LP acquired a new position in shares of Acadia Realty Trust in the fourth quarter worth about $213,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 Stock Down 0.2 %

Shares of NYSE:AKR traded down $0.03 on Thursday, hitting $19.76. 203,422 shares of the company's stock were exchanged, compared to its average volume of 1,044,310. 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 firm's 50-day moving average is $21.05 and its 200 day moving average is $23.06. The company has a market capitalization of $2.37 billion, a PE ratio of 109.81, a P/E/G ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Sell-side analysts predict that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.05%. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio is currently 444.44%.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm'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 legal filing with the SEC, 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.