Acadia Realty Trust (NYSE:AKR) Shares Purchased by Citadel Advisors LLC

Citadel Advisors LLC increased its holdings in Acadia Realty Trust (NYSE:AKR) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 348,155 shares of the real estate investment trust’s stock after buying an additional 79,222 shares during the quarter. Citadel Advisors LLC owned about 0.29% of Acadia Realty Trust worth $8,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. USA Financial Formulas increased its holdings in 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 buying an additional 489 shares during the period. Monument Capital Management boosted its position in Acadia Realty Trust by 3.7% in the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 489 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Acadia Realty Trust by 91.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 717 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Acadia Realty Trust by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust’s stock valued at $1,389,000 after purchasing an additional 764 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Acadia Realty Trust by 2.9% in the 4th quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust’s stock valued at $739,000 after purchasing an additional 857 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Up 1.0%

AKR stock opened at $20.08 on Friday. The firm has a market cap of $2.63 billion, a PE ratio of 111.56, a P/E/G ratio of 6.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day moving average is $19.98 and its 200 day moving average is $22.59. Acadia Realty Trust has a one year low of $16.14 and a one year high of $26.29.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $104.39 million for the quarter, compared to analyst estimates of $86.99 million. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. On average, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 3.98%. Acadia Realty Trust’s dividend payout ratio is presently 500.00%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, April 10th.

Insider Buying and Selling at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 SEC, which can be accessed through this hyperlink. Insiders own 2.83% of the company’s stock.

About Acadia Realty Trust

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.