166,056 Shares in Acadia Realty Trust (NYSE:AKR) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Acadia Realty Trust (NYSE:AKR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 166,056 shares of the real estate investment trust’s stock, valued at approximately $4,012,000. Quantbot Technologies LP owned approximately 0.14% of Acadia Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Acadia Realty Trust by 57.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,373 shares of the real estate investment trust’s stock valued at $1,531,000 after acquiring an additional 23,111 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Acadia Realty Trust by 13.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 40,295 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 4,726 shares during the last quarter. Xponance Inc. acquired a new position in shares of Acadia Realty Trust in the fourth quarter valued at approximately $203,000. Intech Investment Management LLC lifted its stake in shares of Acadia Realty Trust by 68.6% during the fourth quarter. Intech Investment Management LLC now owns 45,267 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 18,422 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Acadia Realty Trust by 5.3% in the fourth quarter. Advisors Asset Management Inc. now owns 123,277 shares of the real estate investment trust’s stock valued at $2,978,000 after purchasing an additional 6,253 shares during the period. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial boosted 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’s stock. According to MarketBeat.com, Acadia Realty Trust has a consensus rating of “Hold” and an average price target of $23.00.

Acadia Realty Trust Trading Down 1.8 %

NYSE:AKR opened at $21.09 on Friday. The company has a market cap of $2.52 billion, a PE ratio of 117.14, a P/E/G ratio of 6.09 and a beta of 1.49. The business’s 50 day moving average is $22.77 and its two-hundred day moving average is $23.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 52 week low of $16.13 and a 52 week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. On average, analysts predict 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. Investors of record on Monday, March 31st will be issued 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 3.79%. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s payout ratio is presently 444.44%.

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.