Acadia Realty Trust (NYSE:AKR) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Acadia Realty Trust (NYSE:AKR) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,930,601 shares of the real estate investment trust’s stock after purchasing an additional 83,180 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Acadia Realty Trust were worth $45,331,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of Acadia Realty Trust by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust’s stock worth $930,000 after purchasing an additional 1,200 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Acadia Realty Trust in the third quarter worth $202,000. DekaBank Deutsche Girozentrale grew its holdings in Acadia Realty Trust by 1.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 136,073 shares of the real estate investment trust’s stock worth $2,234,000 after acquiring an additional 2,290 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Acadia Realty Trust by 148.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 220,860 shares of the real estate investment trust’s stock valued at $3,958,000 after acquiring an additional 132,134 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of Acadia Realty Trust by 250.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 89,098 shares of the real estate investment trust’s stock worth $1,597,000 after acquiring an additional 63,671 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.9 %

Acadia Realty Trust stock opened at $25.85 on Monday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 287.22, a PEG ratio of 6.53 and a beta of 1.46. The company’s 50 day simple moving average is $24.28 and its 200 day simple moving average is $21.30. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. Acadia Realty Trust has a fifty-two week low of $14.74 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). The business had revenue of $87.70 million during the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, sell-side analysts anticipate that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.94%. Acadia Realty Trust’s dividend payout ratio (DPR) is 844.44%.

Analyst Ratings Changes

A number of research analysts have commented on AKR shares. Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $27.00 in a research report on Thursday, October 10th. StockNews.com upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Truist Financial raised their target price on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

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.