Short Interest in Acadia Realty Trust (NYSE:AKR) Increases By 10.1%

Acadia Realty Trust (NYSE:AKR - Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,370,000 shares, an increase of 10.1% from the March 31st total of 3,060,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 2.9 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its position in Acadia Realty Trust by 189.9% in the 3rd quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 2,152 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Acadia Realty Trust in the first quarter valued at approximately $58,000. GAMMA Investing LLC purchased a new stake in shares of Acadia Realty Trust during the fourth quarter worth approximately $61,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Acadia Realty Trust during the fourth quarter worth $174,000. Finally, Jump Financial LLC purchased a new position in Acadia Realty Trust in the 3rd quarter valued at $185,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 1.8 %

NYSE:AKR traded down $0.32 during midday trading on Tuesday, hitting $17.28. 1,476,259 shares of the company were exchanged, compared to its average volume of 1,191,513. The company has a fifty day simple moving average of $16.73 and a 200 day simple moving average of $16.23. The company has a market capitalization of $1.78 billion, a PE ratio of 90.95, a price-to-earnings-growth ratio of 11.56 and a beta of 1.44. Acadia Realty Trust has a fifty-two week low of $12.37 and a fifty-two week high of $17.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.90.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its earnings results on Monday, April 29th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.27). Acadia Realty Trust had a net margin of 5.72% and a return on equity of 0.91%. The firm had revenue of $91.36 million during the quarter, compared to analyst estimates of $69.75 million. During the same period last year, the company earned $0.40 earnings per share. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.17%. The ex-dividend date was Wednesday, March 27th. Acadia Realty Trust's payout ratio is currently 378.97%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $18.00 to $20.00 in a report on Friday, April 5th. Truist Financial lowered shares of Acadia Realty Trust from a "buy" rating to a "hold" rating and set a $18.00 price objective on the stock. in a report on Tuesday, January 16th. Finally, Jefferies Financial Group raised Acadia Realty Trust from a "hold" rating to a "buy" rating and increased their target price for the company from $15.00 to $20.00 in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Acadia Realty Trust currently has a consensus rating of "Hold" and an average price target of $18.50.

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.