Vident Advisory LLC Decreases Holdings in Acadia Realty Trust (NYSE:AKR)

Vident Advisory LLC reduced its holdings in Acadia Realty Trust (NYSE:AKR) by 41.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,765 shares of the real estate investment trust’s stock after selling 30,386 shares during the period. Vident Advisory LLC’s holdings in Acadia Realty Trust were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AKR. Smartleaf Asset Management LLC increased 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 worth $36,000 after purchasing an additional 717 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Acadia Realty Trust by 960.9% during 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 acquiring an additional 3,344 shares during the last quarter. KBC Group NV increased its position in shares of 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 valued at $114,000 after acquiring an additional 1,448 shares during the last quarter. Sandia Investment Management LP acquired a new stake in shares of Acadia Realty Trust during the fourth quarter valued at about $121,000. Finally, Xponance Inc. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter valued at about $203,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is owned by insiders.

Acadia Realty Trust Trading Down 0.1%

Shares of AKR stock opened at $18.98 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $2.49 billion, a P/E ratio of 105.45, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39. The company has a 50 day moving average price of $19.76 and a 200 day moving average price of $22.38. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $104.39 million during the quarter, compared to analysts’ expectations of $86.99 million. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Equities research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.21%. Acadia Realty Trust’s dividend payout ratio is currently 500.00%.

Analysts Set New Price Targets

Separately, Truist Financial upgraded 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.

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.