USA Financial Formulas Buys 489 Shares of Acadia Realty Trust (NYSE:AKR)

USA Financial Formulas raised its position in Acadia Realty Trust (NYSE:AKR) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,886 shares of the real estate investment trust’s stock after acquiring an additional 489 shares during the quarter. USA Financial Formulas’ holdings in Acadia Realty Trust were worth $94,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in Acadia Realty Trust by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock valued at $62,033,000 after buying an additional 63,672 shares during the period. Vestcor Inc boosted its position in shares of Acadia Realty Trust by 2.7% in the third quarter. Vestcor Inc now owns 92,672 shares of the real estate investment trust’s stock worth $2,176,000 after purchasing an additional 2,407 shares during the period. Barclays PLC raised its holdings in 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 valued at $18,240,000 after acquiring an additional 81,853 shares during the period. Public Employees Retirement System of Ohio raised its stake in Acadia Realty Trust by 2.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 151,650 shares of the real estate investment trust’s stock valued at $3,561,000 after purchasing an additional 4,086 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Acadia Realty Trust by 3.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 136,456 shares of the real estate investment trust’s stock valued at $3,204,000 after buying an additional 5,000 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AKR shares. Truist Financial raised their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Finally, Compass Point raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $27.00 in a research note on Thursday, October 10th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.00.

Acadia Realty Trust Trading Up 1.9 %

Shares of AKR stock opened at $22.88 on Friday. The company has a market cap of $2.74 billion, a PE ratio of 254.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.47. The stock’s 50 day simple moving average is $24.51 and its two-hundred day simple moving average is $22.92. Acadia Realty Trust has a 1 year low of $16.09 and a 1 year high of $26.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The business had revenue of $87.70 million for the quarter, compared to analysts’ expectations of $70.88 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Acadia Realty Trust’s revenue was up 7.7% compared to the same quarter last year. Research analysts predict that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.32%. Acadia Realty Trust’s payout ratio is presently 844.44%.

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.