Daiwa Securities Group Inc. Has $956,000 Stock Position in Acadia Realty Trust (NYSE:AKR)

Daiwa Securities Group Inc. grew its position in Acadia Realty Trust (NYSE:AKR) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,552 shares of the real estate investment trust’s stock after buying an additional 4,378 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Acadia Realty Trust were worth $956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Acadia Realty Trust by 290.3% during the third quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock worth $224,910,000 after purchasing an additional 7,124,403 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Acadia Realty Trust by 381.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust’s stock worth $15,422,000 after purchasing an additional 520,319 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Acadia Realty Trust by 11.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust’s stock worth $51,958,000 after purchasing an additional 219,983 shares during the period. Amundi boosted its holdings in shares of Acadia Realty Trust by 278.1% during the fourth quarter. Amundi now owns 284,052 shares of the real estate investment trust’s stock worth $6,479,000 after purchasing an additional 208,933 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Acadia Realty Trust during the fourth quarter worth approximately $3,322,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AKR. StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Truist Financial raised 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. One equities research 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, the stock has a consensus rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Price Performance

Shares of AKR opened at $21.33 on Friday. The firm has a market cap of $2.55 billion, a PE ratio of 118.47, a PEG ratio of 6.09 and a beta of 1.49. The firm’s 50 day moving average price is $22.91 and its 200 day moving average price is $23.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Acadia Realty Trust has a twelve month low of $16.13 and a twelve month high of $26.29.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating 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, research 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. Stockholders of record on Monday, March 31st will be given a $0.20 dividend. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 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.