Bailard Inc. Takes $797,000 Position in Acadia Realty Trust (NYSE:AKR)

Bailard Inc. acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 33,000 shares of the real estate investment trust’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its holdings 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 valued at $224,910,000 after purchasing an additional 7,124,403 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock valued at $62,033,000 after purchasing an additional 63,672 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $45,331,000 after purchasing an additional 83,180 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Acadia Realty Trust by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,110,758 shares of the real estate investment trust’s stock valued at $26,836,000 after purchasing an additional 56,614 shares during the last quarter. Finally, Barclays PLC grew its position in Acadia Realty Trust by 11.8% during the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock worth $18,240,000 after acquiring an additional 81,853 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AKR. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report 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 report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock opened at $22.77 on Tuesday. The firm has a market cap of $2.73 billion, a PE ratio of 126.50, a price-to-earnings-growth ratio of 6.09 and a beta of 1.46. Acadia Realty Trust has a 12-month low of $16.09 and a 12-month high of $26.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $23.27 and its two-hundred day simple moving average is $23.66.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data 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, equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.20 dividend. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 444.44%.

Acadia Realty Trust 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.