JPMorgan Chase & Co. Decreases Stock Position in Acadia Realty Trust (NYSE:AKR)

JPMorgan Chase & Co. lessened its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 807,550 shares of the real estate investment trust's stock after selling 16,458 shares during the period. JPMorgan Chase & Co. owned about 0.67% of Acadia Realty Trust worth $19,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Acadia Realty Trust by 8.8% in the fourth quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after purchasing an additional 1,459,448 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Acadia Realty Trust by 11.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock valued at $51,958,000 after buying an additional 219,983 shares in the last quarter. Amundi boosted its position in Acadia Realty Trust by 278.1% in the 4th quarter. Amundi now owns 284,052 shares of the real estate investment trust's stock valued at $6,479,000 after buying an additional 208,933 shares during the period. Burkehill Global Management LP bought a new position in Acadia Realty Trust in the 4th quarter worth about $4,832,000. Finally, Great Lakes Advisors LLC purchased a new position in shares of Acadia Realty Trust during the fourth quarter worth approximately $4,165,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

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 for the company in a report on Thursday, April 10th.

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock traded up $0.07 during mid-day trading on Wednesday, reaching $19.12. 29,826 shares of the company traded hands, compared to its average volume of 1,051,488. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 105.94, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The firm's fifty day moving average is $21.54 and its two-hundred day moving average is $23.20. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. On average, equities research analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.20 dividend. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, March 31st. Acadia Realty Trust's payout ratio is currently 444.44%.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 available through this hyperlink. 2.83% of the stock is owned by corporate 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.