GAMMA Investing LLC Buys New Holdings in Acadia Realty Trust (NYSE:AKR)

GAMMA Investing LLC purchased a new position in shares of Acadia Realty Trust (NYSE:AKR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,566 shares of the real estate investment trust’s stock, valued at approximately $61,000.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. grew its stake in shares of Acadia Realty Trust by 189.9% during the third quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,152 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Acadia Realty Trust by 128.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,088 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,295 shares in the last quarter. Jump Financial LLC purchased a new stake in Acadia Realty Trust during the 3rd quarter worth about $185,000. Natixis Advisors L.P. boosted its position in shares of Acadia Realty Trust by 5.0% during the 3rd quarter. Natixis Advisors L.P. now owns 20,856 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 997 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Acadia Realty Trust by 3.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 30,359 shares of the real estate investment trust’s stock valued at $436,000 after acquiring an additional 1,123 shares during the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AKR shares. Bank of America raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $20.00 in a report on Friday, April 5th. Truist Financial cut shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a report on Tuesday, January 16th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.50.

Acadia Realty Trust Trading Down 1.1 %

NYSE:AKR opened at $17.09 on Thursday. The company has a market capitalization of $1.76 billion, a PE ratio of 216.25, a P/E/G ratio of 11.75 and a beta of 1.44. Acadia Realty Trust has a 52-week low of $12.37 and a 52-week high of $17.90. The stock’s 50 day moving average price is $16.75 and its 200 day moving average price is $16.25. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.27). Acadia Realty Trust had a net margin of 2.38% and a return on equity of 0.39%. The business had revenue of $91.36 million during the quarter, compared to analyst estimates of $69.75 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. On average, research analysts anticipate that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.21%. Acadia Realty Trust’s payout ratio is 900.00%.

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.