Acadia Realty Trust (NYSE:AKR) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 6.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,614 shares of the real estate investment trust’s stock after selling 1,239 shares during the period. Inspire Investing LLC’s holdings in Acadia Realty Trust were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AKR. FMR LLC raised its position in shares of Acadia Realty Trust by 290.3% during the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock worth $224,910,000 after acquiring 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% during the 3rd 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 worth $15,422,000 after buying an additional 520,319 shares during the last quarter. Renaissance Technologies LLC grew its stake in Acadia Realty Trust by 173.8% during the 2nd quarter. Renaissance Technologies LLC now owns 264,801 shares of the real estate investment trust’s stock worth $4,745,000 after buying an additional 168,100 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Acadia Realty Trust by 148.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 220,860 shares of the real estate investment trust’s stock worth $3,958,000 after buying an additional 132,134 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Acadia Realty Trust by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock worth $45,331,000 after buying an additional 83,180 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 1.4 %

Shares of AKR stock opened at $22.92 on Friday. The business’s 50 day moving average is $24.21 and its two-hundred day moving average is $23.10. Acadia Realty Trust has a twelve month low of $16.09 and a twelve month high of $26.29. The company has a market capitalization of $2.74 billion, a P/E ratio of 254.70, a price-to-earnings-growth ratio of 5.95 and a beta of 1.47. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.25). The business had revenue of $87.70 million during the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. Equities analysts forecast that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.32%. Acadia Realty Trust’s dividend payout ratio is currently 844.44%.

Wall Street Analyst Weigh In

AKR has been the topic of a number of research reports. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Truist Financial raised their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $27.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.00.

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.