2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. raised its stake in shares of Acadia Realty Trust ( NYSE:AKR – Free Report ) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 12,258 shares of the real estate investment trust’s stock after buying an additional 2,227 shares during the period. Summit Investment Advisors Inc.’s holdings in Acadia Realty Trust were worth $296,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. 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 during the last quarter. Monument Capital Management lifted its holdings 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 valued at $335,000 after buying an additional 489 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 in the last quarter. Arizona State Retirement System increased its holdings in Acadia Realty Trust by 2.9% in the fourth quarter.
Arizona State Retirement System now owns 30,568 shares of the real estate investment trust’s stock worth $739,000 after buying an additional 857 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in Acadia Realty Trust by 11.4% during the fourth quarter.
Metis Global Partners LLC now owns 12,081 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 1,233 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.
Acadia Realty Trust Trading Up 3.2 % Shares of AKR stock opened at $19.92 on Monday.
Acadia Realty Trust has a 12 month low of $16.14 and a 12 month high of $26.29.
The company has a market cap of $2.39 billion, a PE ratio of 110.64, a price-to-earnings-growth ratio of 6.
09 and a beta of 1.24. The company has a quick ratio of 0.
96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.
The business’s 50 day moving average is $21.32 and its two-hundred day moving average is $23.13.
Acadia Realty Trust Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share.
This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 31st.
This represents a $0.80 annualized dividend and a yield of 4.02%.
Acadia Realty Trust’s dividend payout ratio is presently 444.44%. Insiders Place Their Bets In other news, EVP Jason Blacksberg sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 6th.
The shares were sold at an average price of $22.81, for a total value of $684,300.00.
The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Company insiders own 2.83% of the company’s stock.
Analyst Upgrades and Downgrades Separately, Truist Financial raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, April 10th. Check Out Our Latest Research Report on Acadia Realty Trust Acadia Realty Trust Profile ( 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. Recommended Stories Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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