Acadia Realty Trust (NYSE:AKR) Shares Acquired by USA Financial Formulas

USA Financial Formulas lifted its stake in Acadia Realty Trust (NYSE:AKR) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,886 shares of the real estate investment trust’s stock after buying an additional 489 shares during the quarter. USA Financial Formulas’ holdings in Acadia Realty Trust were worth $94,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC grew its stake in Acadia Realty Trust by 3.6% in the 3rd quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust’s stock valued at $2,358,000 after acquiring an additional 3,453 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Acadia Realty Trust during the third quarter worth about $202,000. Barclays PLC raised its position in shares of Acadia Realty Trust by 11.8% during the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock worth $18,240,000 after purchasing an additional 81,853 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock worth $45,331,000 after buying an additional 83,180 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after buying an additional 63,672 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AKR shares. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Compass Point raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a research note on Thursday, October 10th. Finally, Truist Financial increased their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company 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 given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Stock Up 1.9 %

Shares of AKR opened at $22.88 on Friday. The company’s 50-day moving average price is $24.51 and its 200 day moving average price is $22.92. Acadia Realty Trust has a 12-month low of $16.09 and a 12-month high of $26.29. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.74 billion, a P/E ratio of 254.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.47.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.25). The company had revenue of $87.70 million during the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, sell-side analysts forecast that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.32%. Acadia Realty Trust’s dividend payout ratio is presently 844.44%.

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.