Jump Financial LLC Invests $3.31 Million in Acadia Realty Trust (NYSE:AKR)

Jump Financial LLC bought a new position in shares of Acadia Realty Trust (NYSE:AKR) during the fourth quarter, Holdings Channel reports. The fund bought 137,016 shares of the real estate investment trust’s stock, valued at approximately $3,310,000.

Several other hedge funds have also modified their holdings of the stock. USA Financial Formulas raised its stake in Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 489 shares during the period. Monument Capital Management grew its holdings in shares of Acadia Realty Trust by 3.7% during the fourth quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 489 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Acadia Realty Trust by 91.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 717 shares during the period. Arizona State Retirement System lifted its stake in 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 worth $739,000 after acquiring an additional 857 shares in the last quarter. Finally, Mariner LLC boosted its position in Acadia Realty Trust by 2.5% during the 4th quarter. Mariner LLC now owns 44,221 shares of the real estate investment trust’s stock worth $1,068,000 after acquiring an additional 1,080 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $19.92 on Friday. The business has a fifty day simple moving average of $21.39 and a 200 day simple moving average of $23.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 1 year low of $16.14 and a 1 year high of $26.29. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 110.64, a P/E/G ratio of 6.09 and a beta of 1.24.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly 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%. As a group, sell-side analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.02%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 31st. Acadia Realty Trust’s payout ratio is currently 444.44%.

Analyst Ratings Changes

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

Insider Transactions 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 is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

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.