Acadia Realty Trust (NYSE:AKR) Short Interest Down 6.2% in October

Acadia Realty Trust (NYSE:AKR) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,590,000 shares, a decrease of 6.2% from the October 15th total of 2,760,000 shares. Based on an average daily trading volume, of 829,500 shares, the short-interest ratio is currently 3.1 days.

Acadia Realty Trust Stock Up 0.9 %

Acadia Realty Trust stock opened at $15.00 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.91 and a quick ratio of 0.91. Acadia Realty Trust has a fifty-two week low of $12.37 and a fifty-two week high of $16.36. The firm has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $14.43. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 60.00, a P/E/G ratio of 1.48 and a beta of 1.52.

Acadia Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 4.80%. Acadia Realty Trust’s dividend payout ratio is presently 288.00%.

Analyst Ratings Changes

AKR has been the subject of several recent research reports. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Truist Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of Acadia Realty Trust in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Acadia Realty Trust has a consensus rating of “Hold” and an average target price of $16.33.

Institutional Trading of Acadia Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AKR. Allspring Global Investments Holdings LLC boosted its position in shares of Acadia Realty Trust by 3,220.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,793 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,739 shares during the period. CWM LLC boosted its holdings in Acadia Realty Trust by 46.3% in the 2nd quarter. CWM LLC now owns 2,174 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 688 shares during the period. Quantbot Technologies LP acquired a new stake in Acadia Realty Trust in the 1st quarter worth $45,000. Federated Hermes Inc. increased its holdings in shares of Acadia Realty Trust by 189.9% during the 3rd quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,152 shares during the period. Finally, State of Wyoming acquired a new position in shares of Acadia Realty Trust during the second quarter valued at about $59,000.

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.