Maryland State Retirement & Pension System Raises Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Maryland State Retirement & Pension System boosted its stake in shares of Acadia Realty Trust (NYSE:AKR) by 13.3% 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 40,295 shares of the real estate investment trust’s stock after buying an additional 4,726 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Acadia Realty Trust were worth $974,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of Acadia Realty Trust by 3.6% in the 3rd quarter. Jane Street Group LLC now owns 100,409 shares of the real estate investment trust’s stock worth $2,358,000 after acquiring an additional 3,453 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Acadia Realty Trust during the fourth quarter worth $297,000. KBC Group NV boosted its position in shares of Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,448 shares during the period. Barclays PLC grew its stake in shares of Acadia Realty Trust by 11.8% in the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock valued at $18,240,000 after buying an additional 81,853 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock valued at $45,331,000 after buying an additional 83,180 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $21.09 on Monday. The business has a 50-day simple moving average of $22.77 and a 200-day simple moving average of $23.63. The company has a market cap of $2.52 billion, a PE ratio of 117.14, a P/E/G ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a one year low of $16.13 and a one year high of $26.29. 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 (NYSE:AKR) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.79%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s payout ratio is 444.44%.

Insider Transactions at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AKR shares. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial upped their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.00.

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.