Insider Selling: Acadia Realty Trust (NYSE:AKR) EVP Sells $684,300.00 in Stock

Acadia Realty Trust (NYSE:AKR) 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Acadia Realty Trust Trading Down 0.1 %

AKR opened at $22.49 on Monday. The stock has a market capitalization of $2.69 billion, a P/E ratio of 124.95, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12 month low of $16.10 and a 12 month high of $26.29. The firm’s fifty day simple moving average is $23.16 and its 200 day simple moving average is $23.69.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly 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, research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm 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 is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 444.44%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Truist Financial upped their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.00.

Institutional Investors Weigh In On Acadia Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AKR. Asset Management One Co. Ltd. raised its holdings in Acadia Realty Trust by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust’s stock worth $3,725,000 after acquiring an additional 476 shares in the last quarter. USA Financial Formulas increased its position in shares of Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 489 shares during the last quarter. Monument Capital Management raised its stake in shares of Acadia Realty Trust by 3.7% during the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 489 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Acadia Realty Trust by 91.3% in 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 buying an additional 717 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Acadia Realty Trust by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust’s stock valued at $843,000 after buying an additional 731 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

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.