Oregon Public Employees Retirement Fund Increases Stock Position in Acadia Realty Trust (NYSE:AKR)

Oregon Public Employees Retirement Fund lifted its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,112 shares of the real estate investment trust’s stock after acquiring an additional 3,300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Acadia Realty Trust were worth $679,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC grew its position in shares of Acadia Realty Trust by 3.6% during the third quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust’s stock worth $2,358,000 after acquiring an additional 3,453 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Acadia Realty Trust during the third quarter worth $202,000. Contravisory Investment Management Inc. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter worth $297,000. KBC Group NV lifted its holdings in shares of Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,448 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Acadia Realty Trust by 11.8% during the third 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AKR shares. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Truist Financial increased their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Acadia Realty Trust has a consensus rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock opened at $23.11 on Monday. Acadia Realty Trust has a one year low of $16.09 and a one year 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 business has a fifty day moving average of $23.29 and a two-hundred day moving average of $23.65. The company has a market cap of $2.77 billion, a P/E ratio of 128.36, a price-to-earnings-growth ratio of 6.09 and a beta of 1.46.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, beating 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%. As a group, analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, March 31st. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s payout ratio is 444.44%.

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.