Amalgamated Bank Has $838,000 Stake in Acadia Realty Trust (NYSE:AKR)

Amalgamated Bank raised its position in Acadia Realty Trust (NYSE:AKR) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,686 shares of the real estate investment trust’s stock after acquiring an additional 3,783 shares during the quarter. Amalgamated Bank’s holdings in Acadia Realty Trust were worth $838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AKR. Mirae Asset Global Investments Co. Ltd. lifted its stake in Acadia Realty Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,039 shares during the last quarter. abrdn plc lifted its position in shares of Acadia Realty Trust by 10.0% in the third quarter. abrdn plc now owns 21,535 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 1,954 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Acadia Realty Trust by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 17,727 shares of the real estate investment trust’s stock worth $431,000 after acquiring an additional 2,268 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Acadia Realty Trust by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust’s stock worth $3,725,000 after acquiring an additional 476 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Acadia Realty Trust in the 3rd quarter valued at $202,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR opened at $22.77 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 126.50, a P/E/G ratio of 6.09 and a beta of 1.46. The stock’s fifty day moving average price is $23.27 and its two-hundred day moving average price is $23.66. Acadia Realty Trust has a one year low of $16.09 and a one year high of $26.29.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. On average, equities analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 3.51%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 444.44%.

Analysts Set New Price Targets

AKR has been the subject of a number of research analyst reports. StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial lifted their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.