Daiwa Securities Group Inc. Acquires 2,810 Shares of Acadia Realty Trust (NYSE:AKR)

Daiwa Securities Group Inc. lifted its holdings in shares of Acadia Realty Trust (NYSE:AKRFree Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,174 shares of the real estate investment trust’s stock after purchasing an additional 2,810 shares during the period. Daiwa Securities Group Inc.’s holdings in Acadia Realty Trust were worth $826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in Acadia Realty Trust by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust’s stock worth $3,725,000 after buying an additional 476 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Acadia Realty Trust by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 90,041 shares of the real estate investment trust’s stock worth $1,614,000 after purchasing an additional 531 shares during the period. GAMMA Investing LLC raised its holdings in Acadia Realty Trust by 32.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 572 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Acadia Realty Trust by 2.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 23,795 shares of the real estate investment trust’s stock valued at $559,000 after purchasing an additional 582 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Acadia Realty Trust by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 28,831 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 724 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

AKR stock opened at $25.85 on Friday. The stock has a market cap of $3.09 billion, a PE ratio of 288.67, a price-to-earnings-growth ratio of 6.59 and a beta of 1.46. The stock has a 50-day moving average price of $24.22 and a two-hundred day moving average price of $21.21. Acadia Realty Trust has a 1 year low of $14.74 and a 1 year high of $26.29. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKRGet Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). The business had revenue of $87.70 million during the quarter, compared to the consensus estimate of $70.88 million. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. Equities analysts forecast that Acadia Realty Trust will post 1.28 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, December 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is 844.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AKR shares. Compass Point raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $27.00 in a research note on Thursday, October 10th. Truist Financial increased their target price on Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

Check Out Our Latest Analysis on Acadia Realty Trust

About Acadia Realty Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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