Cerity Partners LLC Has $239,000 Holdings in Acadia Realty Trust (NYSE:AKR)

Cerity Partners LLC lowered its stake in shares of Acadia Realty Trust (NYSE:AKR) by 27.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,151 shares of the real estate investment trust’s stock after selling 3,803 shares during the period. Cerity Partners LLC’s holdings in Acadia Realty Trust were worth $239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of Acadia Realty Trust by 21.3% in the fourth quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust’s stock valued at $280,757,000 after purchasing an additional 2,041,986 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Acadia Realty Trust by 1,097.7% during the 4th quarter. Russell Investments Group Ltd. now owns 148,658 shares of the real estate investment trust’s stock valued at $3,592,000 after purchasing an additional 136,246 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Acadia Realty Trust by 39.5% during the fourth quarter. Wells Fargo & Company MN now owns 76,646 shares of the real estate investment trust’s stock worth $1,852,000 after buying an additional 21,688 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter valued at about $1,139,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Acadia Realty Trust during the fourth quarter valued at $247,000. Institutional investors own 97.65% of the company’s stock.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.83% of the stock is currently owned by insiders.

Acadia Realty Trust Stock Down 0.9 %

AKR stock opened at $19.62 on Friday. The stock’s 50 day simple moving average is $20.96 and its 200 day simple moving average is $23.04. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two 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. The company has a market cap of $2.35 billion, a P/E ratio of 109.00, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. On average, research analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.20 dividend. This is an increase 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 4.08%. The ex-dividend date was Monday, March 31st. Acadia Realty Trust’s payout ratio is 444.44%.

Analyst Ratings Changes

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, April 10th.

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.