Acadia Realty Trust (NYSE:AKR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in Acadia Realty Trust (NYSE:AKR) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,828,875 shares of the real estate investment trust’s stock after selling 47,115 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Acadia Realty Trust worth $213,307,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in shares of Acadia Realty Trust by 91.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 717 shares during the last quarter. Sterling Capital Management LLC increased its stake in Acadia Realty Trust by 960.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 3,344 shares during the last quarter. USA Financial Formulas raised its holdings in Acadia Realty Trust by 14.4% during the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 489 shares in the last quarter. KBC Group NV raised its holdings in Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Acadia Realty Trust during the 4th quarter worth approximately $203,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by insiders.

Acadia Realty Trust Trading Up 0.3 %

AKR opened at $19.66 on Friday. 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 $16.14 and a 52 week high of $26.29. The business’s 50 day moving average is $20.88 and its two-hundred day moving average is $23.02. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 109.22, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24.

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, beating 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%. On average, research 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were 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 was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.07%. Acadia Realty Trust’s dividend payout ratio is 444.44%.

Analyst Ratings Changes

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

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.