New Age Alpha Advisors LLC Takes Position in Acadia Realty Trust (NYSE:AKR)

New Age Alpha Advisors LLC acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,469 shares of the real estate investment trust’s stock, valued at approximately $374,000.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in Acadia Realty Trust by 91.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 717 shares in the last quarter. USA Financial Formulas boosted its position in Acadia Realty Trust by 14.4% during the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 489 shares in the last quarter. KBC Group NV grew its stake in Acadia Realty Trust by 44.1% in the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,448 shares during the last quarter. Xponance Inc. purchased a new stake in shares of Acadia Realty Trust during the fourth quarter valued at about $203,000. Finally, Longboard Asset Management LP bought a new stake in shares of Acadia Realty Trust in the 4th quarter valued at about $213,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.83% of the company’s stock.

Acadia Realty Trust Price Performance

Shares of NYSE AKR opened at $20.71 on Wednesday. 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 $2.48 billion, a PE ratio of 115.06, a P/E/G ratio of 6.09 and a beta of 1.49. The business has a 50-day simple moving average of $22.57 and a two-hundred day simple moving average of $23.55.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. As a group, equities analysts expect that Acadia Realty Trust will post 1.34 EPS 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.86%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s payout ratio is currently 444.44%.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their price objective on shares of Acadia Realty Trust from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Acadia Realty Trust presently has an average rating of “Hold” and a consensus target price of $22.00.

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.