Acadia Realty Trust (NYSE:AKR) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in Acadia Realty Trust (NYSE:AKR) by 5.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 123,277 shares of the real estate investment trust’s stock after buying an additional 6,253 shares during the quarter. Advisors Asset Management Inc.’s holdings in Acadia Realty Trust were worth $2,978,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake 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 buying an additional 717 shares during the period. USA Financial Formulas increased its stake 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 worth $94,000 after buying an additional 489 shares during the period. KBC Group NV increased its stake in Acadia Realty Trust by 44.1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,448 shares during the period. Longboard Asset Management LP purchased a new stake in Acadia Realty Trust during the 4th quarter worth $213,000. Finally, Cibc World Markets Corp purchased a new stake in Acadia Realty Trust during the 4th quarter worth $265,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

AKR opened at $21.09 on Friday. The company has a 50-day moving average of $22.77 and a 200-day moving average of $23.61. The company has a market capitalization of $2.52 billion, a P/E ratio of 117.14, a PEG ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a 1-year low of $16.13 and a 1-year 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.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s dividend payout ratio is currently 444.44%.

Insider Activity at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Truist Financial boosted their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Acadia Realty Trust has an average rating of “Hold” and a consensus target price of $23.00.

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.