2 weeks Ago By ABMN Staff
Bank of Montreal Can increased its position in shares of Acadia Realty Trust ( NYSE:AKR – Free Report ) by 22.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,772 shares of the real estate investment trust’s stock after purchasing an additional 2,738 shares during the quarter.
Bank of Montreal Can’s holdings in Acadia Realty Trust were worth $357,000 at the end of the most recent quarter. Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc.
raised its stake in shares of Acadia Realty Trust by 8.8% in the 4th quarter. Vanguard Group Inc.
now owns 18,097,268 shares of the real estate investment trust’s stock valued at $437,230,000 after acquiring an additional 1,459,448 shares during the period. FMR LLC increased its holdings in Acadia Realty Trust by 21.3% in the 4th quarter.
FMR LLC now owns 11,620,757 shares of the real estate investment trust’s stock valued at $280,757,000 after purchasing an additional 2,041,986 shares during the last quarter. Geode Capital Management LLC raised its position in Acadia Realty Trust by 11.7% in the fourth quarter.
Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust’s stock valued at $71,278,000 after purchasing an additional 308,117 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 in the last quarter.
Finally, Bank of New York Mellon Corp boosted its position in shares of Acadia Realty Trust by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,110,758 shares of the real estate investment trust’s stock worth $26,836,000 after buying an additional 56,614 shares during the period.
97.65% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at Acadia Realty Trust In related news, 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 value of $684,300.00.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . 2.83% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades Check Out Our Latest Research Report on Acadia Realty Trust Acadia Realty Trust Stock Performance Shares of AKR stock opened at $19.80 on Thursday. The firm has a 50 day moving average of $21.
05 and a two-hundred day moving average of $23.06. The stock has a market capitalization of $2.
37 billion, a PE ratio of 109.98, a P/E/G 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. Acadia Realty Trust has a 52 week low of $16.
14 and a 52 week high of $26.29. Acadia Realty Trust ( NYSE:AKR – Get Free Report ) last released its earnings results on Tuesday, February 11th.
The real estate investment trust reported $0.32 earnings per share (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%. On average, research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.
Acadia Realty Trust Increases Dividend The company 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 4.04%.
This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 31st.
Acadia Realty Trust’s dividend payout ratio is presently 444.44%. 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. Featured Articles Want to see what other hedge funds are holding AKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadia Realty Trust ( NYSE:AKR – Free Report ).
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