Marshall Wace LLP Boosts Stock Position in Acadia Realty Trust (NYSE:AKR)

Marshall Wace LLP grew its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 94.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,496,532 shares of the real estate investment trust's stock after buying an additional 727,392 shares during the period. Marshall Wace LLP owned approximately 1.25% of Acadia Realty Trust worth $36,156,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AKR. Jane Street Group LLC increased its position in Acadia Realty Trust by 3.6% during the 3rd quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust's stock worth $2,358,000 after buying an additional 3,453 shares during the period. Barclays PLC boosted its position 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 valued at $18,240,000 after buying an additional 81,853 shares in the last quarter. Geode Capital Management LLC grew its position in Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust's stock worth $62,033,000 after acquiring an additional 63,672 shares during the last quarter. USA Financial Formulas increased its holdings in Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 489 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter valued at about $297,000. Institutional investors own 97.65% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Acadia Realty Trust Stock Down 0.3 %

Shares of NYSE AKR traded down $0.06 during trading on Thursday, hitting $19.73. The stock had a trading volume of 247,823 shares, compared to its average volume of 1,044,527. The company has a market capitalization of $2.36 billion, a PE ratio of 109.51, a PEG 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. Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29. The firm has a fifty day moving average of $21.05 and a two-hundred day moving average of $23.06.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data 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 return on equity of 0.88% and a net margin of 5.74%. As a group, equities research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 4.06%. Acadia Realty Trust's dividend payout ratio (DPR) is 444.44%.

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.