Xponance Inc. Acquires Shares of 8,404 Acadia Realty Trust (NYSE:AKR)

Xponance Inc. bought a new position in Acadia Realty Trust (NYSE:AKR) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 8,404 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its position in Acadia Realty Trust by 290.3% in the third quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock worth $224,910,000 after buying an additional 7,124,403 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Acadia Realty Trust by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after acquiring an additional 63,672 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Acadia Realty Trust by 11.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust’s stock worth $51,958,000 after purchasing an additional 219,983 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 raised its position in Acadia Realty Trust by 11.8% in the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock worth $18,240,000 after purchasing an additional 81,853 shares during the period. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Jason Blacksberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.83% of the company’s stock.

Acadia Realty Trust Stock Down 0.6 %

Shares of NYSE AKR opened at $21.00 on Friday. The stock has a 50 day moving average price of $22.64 and a 200 day moving average price of $23.58. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 116.68, a PEG ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a 52-week low of $16.14 and a 52-week high of $26.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) 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%. Sell-side analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.81%. The ex-dividend date is Monday, March 31st. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s dividend payout ratio (DPR) is 444.44%.

Analyst Upgrades and Downgrades

AKR has been the topic of a number of analyst reports. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Truist Financial upped their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company 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 company’s stock. According to MarketBeat, Acadia Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $23.00.

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.