Susquehanna Fundamental Investments LLC Acquires 63,671 Shares of Acadia Realty Trust (NYSE:AKR)

Susquehanna Fundamental Investments LLC lifted its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 250.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 89,098 shares of the real estate investment trust’s stock after purchasing an additional 63,671 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.09% of Acadia Realty Trust worth $1,597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AKR. Dimensional Fund Advisors LP grew its holdings in shares of Acadia Realty Trust by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,361,088 shares of the real estate investment trust’s stock valued at $23,126,000 after purchasing an additional 16,812 shares during the last quarter. Norges Bank purchased a new stake in Acadia Realty Trust during the 4th quarter valued at $10,414,000. US Bancorp DE boosted its position in Acadia Realty Trust by 3,537.2% during the 4th quarter. US Bancorp DE now owns 35,936 shares of the real estate investment trust’s stock valued at $611,000 after buying an additional 34,948 shares during the period. Cohen & Steers Inc. boosted its position in Acadia Realty Trust by 5.2% during the 4th quarter. Cohen & Steers Inc. now owns 15,790,037 shares of the real estate investment trust’s stock valued at $268,273,000 after buying an additional 776,121 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Acadia Realty Trust by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,460,179 shares of the real estate investment trust’s stock valued at $143,741,000 after buying an additional 223,215 shares during the period. Institutional investors own 97.65% of the company’s stock.

Analyst Ratings Changes

AKR has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Acadia Realty Trust from an “underweight” rating to a “neutral” rating and set a $18.00 price target for the company in a research report on Wednesday, June 26th. StockNews.com raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Compass Point lifted their price target on shares of Acadia Realty Trust from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Truist Financial lifted their price target on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Acadia Realty Trust currently has an average rating of “Hold” and a consensus target price of $20.80.

Acadia Realty Trust Stock Down 1.2 %

NYSE:AKR opened at $23.19 on Wednesday. The firm has a market cap of $2.39 billion, a P/E ratio of 289.88, a P/E/G ratio of 5.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.08. Acadia Realty Trust has a fifty-two week low of $13.24 and a fifty-two week high of $23.56. The firm has a 50-day simple moving average of $22.07 and a two-hundred day simple moving average of $19.04.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.30). Acadia Realty Trust had a net margin of 0.20% and a return on equity of 0.03%. The firm had revenue of $87.25 million for the quarter, compared to the consensus estimate of $70.16 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts predict that Acadia Realty Trust will post 1.29 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.19 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.28%. Acadia Realty Trust’s payout ratio is currently 950.00%.

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.