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) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 111,300 shares of the real estate investment trust's stock, valued at approximately $2,689,000. Schonfeld Strategic Advisors LLC owned 0.09% of Acadia Realty Trust as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas lifted its holdings 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 during the last quarter. Monument Capital Management raised its stake in shares of Acadia Realty Trust by 3.7% in the fourth quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust's stock valued at $335,000 after acquiring an additional 489 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Acadia Realty Trust by 91.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 717 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Acadia Realty Trust by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust's stock valued at $1,389,000 after purchasing an additional 764 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Acadia Realty Trust by 2.9% in the 4th quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust's stock valued at $739,000 after purchasing an additional 857 shares during the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock traded up $0.07 during midday trading on Friday, reaching $19.60. The company had a trading volume of 773,309 shares, compared to its average volume of 1,061,945. The stock has a fifty day simple moving average of $20.17 and a 200 day simple moving average of $22.69. Acadia Realty Trust has a 1-year low of $16.14 and a 1-year high of $26.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 108.89, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39.

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

Acadia Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, EVP Jason Blacksberg sold 30,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.83% of the stock is currently owned by 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.