Amalgamated Bank Purchases 3,783 Shares of Acadia Realty Trust (NYSE:AKR)

Amalgamated Bank raised its position in Acadia Realty Trust (NYSE:AKR) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,686 shares of the real estate investment trust’s stock after purchasing an additional 3,783 shares during the period. Amalgamated Bank’s holdings in Acadia Realty Trust were worth $838,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in shares of Acadia Realty Trust by 290.3% in the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock valued at $224,910,000 after buying an additional 7,124,403 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Acadia Realty Trust by 381.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust’s stock valued at $15,422,000 after acquiring an additional 520,319 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Acadia Realty Trust by 89.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 217,401 shares of the real estate investment trust’s stock worth $5,252,000 after acquiring an additional 102,496 shares in the last quarter. Advisors Preferred LLC raised its position in shares of Acadia Realty Trust by 58.3% during the fourth quarter. Advisors Preferred LLC now owns 272,590 shares of the real estate investment trust’s stock worth $6,515,000 after purchasing an additional 100,443 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Acadia Realty Trust by 16.9% during the 4th quarter. Principal Financial Group Inc. now owns 654,000 shares of the real estate investment trust’s stock valued at $15,801,000 after purchasing an additional 94,565 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Trading Down 1.3 %

NYSE AKR opened at $22.77 on Tuesday. Acadia Realty Trust has a 52 week low of $16.09 and a 52 week high of $26.29. 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 stock’s 50 day moving average price is $23.27 and its two-hundred day moving average price is $23.66. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 126.50, a PEG ratio of 6.09 and a beta of 1.46.

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

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s payout ratio is currently 444.44%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AKR shares. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Truist Financial raised their price objective 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 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. According to data from MarketBeat.com, Acadia Realty Trust currently has an average rating of “Hold” and a consensus target price of $23.00.

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.