Voya Investment Management LLC Sells 119,535 Shares of Acadia Realty Trust (NYSE:AKR)

Voya Investment Management LLC reduced its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 21.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 434,551 shares of the real estate investment trust's stock after selling 119,535 shares during the quarter. Voya Investment Management LLC owned approximately 0.36% of Acadia Realty Trust worth $10,499,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 valued at $437,230,000 after purchasing an additional 1,459,448 shares during the period. FMR LLC grew its position in shares of Acadia Realty Trust by 21.3% in the 4th quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust's stock valued at $280,757,000 after buying an additional 2,041,986 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Acadia Realty Trust by 11.7% in the fourth quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust's stock valued at $71,278,000 after buying an additional 308,117 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Acadia Realty Trust by 11.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock worth $51,958,000 after acquiring an additional 219,983 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Acadia Realty Trust by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,874 shares of the real estate investment trust's stock worth $38,073,000 after acquiring an additional 109,116 shares during the period. Institutional investors own 97.65% of the company's stock.

Insider Buying and Selling at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm'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 value of $684,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.79% of the company's stock.

Acadia Realty Trust Trading Up 0.8 %

Shares of AKR stock traded up $0.15 during mid-day trading on Friday, hitting $19.75. The company's stock had a trading volume of 1,128,062 shares, compared to its average volume of 1,053,512. The company has a market cap of $2.37 billion, a PE ratio of 109.72, a P/E/G ratio of 6.09 and a beta of 1.24. 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 company's fifty day simple moving average is $20.53 and its 200-day simple moving average is $22.85. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued 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 business 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 revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.05%. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 31st. Acadia Realty Trust's dividend payout ratio (DPR) is presently 444.44%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research 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.