Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 23,111 Shares of Acadia Realty Trust (NYSE:AKR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Acadia Realty Trust (NYSE:AKR) by 57.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,373 shares of the real estate investment trust’s stock after buying an additional 23,111 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Acadia Realty Trust worth $1,531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AKR. Smartleaf Asset Management LLC lifted its position 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 valued at $36,000 after acquiring an additional 717 shares during the period. USA Financial Formulas boosted its position in shares of Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 489 shares in the last quarter. KBC Group NV grew its stake in shares of Acadia Realty Trust by 44.1% in 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 last quarter. Xponance Inc. bought a new position in Acadia Realty Trust during the 4th quarter valued at approximately $203,000. Finally, Longboard Asset Management LP purchased a new position in Acadia Realty Trust during the fourth quarter valued at $213,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.7 %

AKR stock opened at $21.34 on Wednesday. The stock has a market capitalization of $2.55 billion, a P/E ratio of 118.56, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. Acadia Realty Trust has a 1-year low of $16.13 and a 1-year high of $26.29. The business has a fifty day moving average price of $22.73 and a 200-day moving average price of $23.61.

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

Acadia Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is 444.44%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Acadia Realty Trust

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