Schonfeld Strategic Advisors LLC Takes $2.69 Million Position in Acadia Realty Trust (NYSE:AKR)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 111,300 shares of the real estate investment trust's stock, valued at approximately $2,689,000. Schonfeld Strategic Advisors LLC owned about 0.09% of Acadia Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in Acadia Realty Trust by 91.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 717 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Acadia Realty Trust by 960.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock valued at $89,000 after buying an additional 3,344 shares during the last quarter. USA Financial Formulas increased its position in shares of 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 valued at $94,000 after acquiring an additional 489 shares during the period. KBC Group NV raised its stake in Acadia Realty Trust by 44.1% in the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in Acadia Realty Trust during the 4th quarter worth about $203,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Insider Activity

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.83% of the company's stock.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock traded up $0.07 during trading on Friday, hitting $19.60. 773,309 shares of the company's stock were exchanged, compared to its average volume of 1,059,884. Acadia Realty Trust has a 52-week low of $16.14 and a 52-week high of $26.29. 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 stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 108.89, a PEG ratio of 6.09 and a beta of 1.39. The business has a 50-day simple moving average of $20.17 and a 200-day simple moving average of $22.70.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.08%. Acadia Realty Trust's payout ratio is 500.00%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised 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 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.