Jason Blacksberg Sells 30,000 Shares of Acadia Realty Trust (NYSE:AKR) Stock

Acadia Realty Trust (NYSE:AKR) EVP Jason Blacksberg sold 30,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Acadia Realty Trust Stock Performance

AKR stock traded down $0.03 during midday trading on Friday, hitting $22.49. 1,032,861 shares of the company traded hands, compared to its average volume of 987,480. The business has a 50 day simple moving average of $23.19 and a 200-day simple moving average of $23.66. 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 twelve month low of $16.10 and a twelve month high of $26.29. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 124.95, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate 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, equities research analysts predict that Acadia Realty Trust will post 1.34 earnings per share 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 paid a dividend of $0.20 per share. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.56%. Acadia Realty Trust’s dividend payout ratio is presently 444.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AKR. StockNews.com cut 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 shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AKR. Jefferies Financial Group Inc. bought a new position in Acadia Realty Trust during the fourth quarter worth $295,000. GF Fund Management CO. LTD. bought a new position in shares of Acadia Realty Trust during the 4th quarter worth about $46,000. Public Employees Retirement System of Ohio lifted its stake in shares of Acadia Realty Trust by 12.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 170,571 shares of the real estate investment trust’s stock valued at $4,121,000 after buying an additional 18,921 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Acadia Realty Trust by 12.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 735,423 shares of the real estate investment trust’s stock worth $17,768,000 after buying an additional 78,628 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in Acadia Realty Trust during the fourth quarter valued at about $1,496,000. 97.65% of the stock is owned by institutional investors.

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.