Acadia Realty Trust (NYSE:AKR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,269 shares of the real estate investment trust’s stock after selling 3,960 shares during the period. Nisa Investment Advisors LLC’s holdings in Acadia Realty Trust were worth $871,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American International Group Inc. boosted its holdings in shares of Acadia Realty Trust by 1.4% during the 2nd quarter. American International Group Inc. now owns 50,603 shares of the real estate investment trust’s stock worth $790,000 after purchasing an additional 721 shares during the last quarter. Sei Investments Co. lifted its position in Acadia Realty Trust by 7.2% during the first quarter. Sei Investments Co. now owns 11,526 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Acadia Realty Trust by 1.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,003 shares of the real estate investment trust’s stock worth $631,000 after buying an additional 781 shares during the last quarter. LPL Financial LLC grew its holdings in Acadia Realty Trust by 6.0% in the 3rd quarter. LPL Financial LLC now owns 13,882 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 782 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Acadia Realty Trust by 11.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,723 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 823 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AKR shares. Bank of America raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $20.00 in a research report on Friday, April 5th. Jefferies Financial Group raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $20.00 in a research note on Tuesday, January 2nd. Finally, Truist Financial cut shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.50.

Acadia Realty Trust Stock Up 0.8 %

Shares of NYSE:AKR opened at $17.23 on Tuesday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 90.69, a PEG ratio of 11.54 and a beta of 1.44. Acadia Realty Trust has a 12-month low of $12.37 and a 12-month high of $17.73. The business has a 50-day moving average price of $16.67 and a 200 day moving average price of $16.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.90.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, March 27th. Acadia Realty Trust’s dividend payout ratio is presently 378.97%.

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.