2 weeks Ago By ABMN Staff
Cerity Partners LLC lowered its stake in Acadia Realty Trust ( NYSE:AKR – Free Report ) by 27.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,151 shares of the real estate investment trust’s stock after selling 3,803 shares during the period.
Cerity Partners LLC’s holdings in Acadia Realty Trust were worth $239,000 as of its most recent filing with the Securities & Exchange Commission. Several other large investors have also recently modified their holdings of AKR. FMR LLC lifted its holdings in shares of Acadia Realty Trust by 21.
3% during the fourth 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 in the last quarter. Russell Investments Group Ltd.
grew its holdings in Acadia Realty Trust by 1,097.7% during the fourth quarter. Russell Investments Group Ltd.
now owns 148,658 shares of the real estate investment trust’s stock valued at $3,592,000 after purchasing an additional 136,246 shares during the period. Wells Fargo & Company MN raised its stake in Acadia Realty Trust by 39.5% during the 4th quarter.
Wells Fargo & Company MN now owns 76,646 shares of the real estate investment trust’s stock worth $1,852,000 after acquiring an additional 21,688 shares during the period. Resona Asset Management Co. Ltd.
purchased a new stake in Acadia Realty Trust in the 4th quarter worth $1,139,000. Finally, Landscape Capital Management L.L.
C. bought a new position in Acadia Realty Trust in the 4th quarter worth approximately $247,000. Hedge funds and other institutional investors own 97.
65% of the company’s stock. Insider Activity In other Acadia Realty Trust 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
Company insiders own 2.83% of the company’s stock. Analyst Ratings Changes Get Our Latest Stock Analysis on Acadia Realty Trust Acadia Realty Trust Trading Down 0.
9 % AKR stock opened at $19.62 on Friday. The stock has a market capitalization of $2.
35 billion, a price-to-earnings ratio of 109.00, a price-to-earnings-growth ratio of 6.09 and a beta of 1.
24. Acadia Realty Trust has a twelve month low of $16.14 and a twelve month high of $26.
29. The firm’s fifty day simple moving average is $20.96 and its two-hundred day simple moving average is $23.
04. 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 ( NYSE:AKR – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 11th.
The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.
Acadia Realty Trust Increases Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.20 dividend.
The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.08%.
Acadia Realty Trust’s dividend payout ratio (DPR) is currently 444.44%. 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. 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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