Acadia Realty Trust (NYSE:AKR) VP Sells $427,500.00 in Stock

Acadia Realty Trust (NYSE:AKR) VP Richard Hartmann sold 25,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $17.10, for a total value of $427,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Acadia Realty Trust Trading Up 1.5 %

Acadia Realty Trust stock traded up $0.26 during mid-day trading on Tuesday, hitting $17.15. 472,045 shares of the company’s stock were exchanged, compared to its average volume of 1,162,922. The firm has a market capitalization of $1.77 billion, a P/E ratio of 211.00, a PEG ratio of 11.30 and a beta of 1.41. Acadia Realty Trust has a fifty-two week low of $12.37 and a fifty-two week high of $17.90. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.77. The company’s 50 day simple moving average is $16.79 and its 200-day simple moving average is $16.33.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.27). The company had revenue of $91.36 million during the quarter, compared to the consensus estimate of $69.75 million. Acadia Realty Trust had a net margin of 2.38% and a return on equity of 0.39%. Acadia Realty Trust’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. On average, equities analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Friday, June 28th. Acadia Realty Trust’s payout ratio is currently 900.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AKR. Truist Financial lowered Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, January 16th. Bank of America raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $20.00 in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Acadia Realty Trust has a consensus rating of “Hold” and a consensus price target of $18.50.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Acadia Realty Trust by 189.9% during the third quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,152 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Acadia Realty Trust during the first quarter worth about $58,000. GAMMA Investing LLC acquired a new stake in Acadia Realty Trust during the fourth quarter worth approximately $61,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Acadia Realty Trust during the fourth quarter worth approximately $174,000. Finally, Jump Financial LLC acquired a new stake in Acadia Realty Trust during the third quarter worth approximately $185,000. Institutional investors own 97.65% of the company’s stock.

About Acadia Realty Trust

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.