John J. Gottfried Sells 12,500 Shares of Acadia Realty Trust (NYSE:AKR) Stock

Acadia Realty Trust (NYSE:AKR) CFO John J. Gottfried sold 12,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $16.89, for a total transaction of $211,125.00. Following the sale, the chief financial officer now directly owns 7,600 shares in the company, valued at $128,364. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Acadia Realty Trust Stock Up 1.6 %

Shares of NYSE:AKR traded up $0.27 during mid-day trading on Tuesday, reaching $17.16. 472,045 shares of the stock were exchanged, compared to its average volume of 1,162,922. The stock’s 50 day simple moving average is $16.79 and its 200-day simple moving average is $16.33. Acadia Realty Trust has a one year low of $12.37 and a one year high of $17.90. The company has a market cap of $1.77 billion, a P/E ratio of 211.00, a P/E/G ratio of 11.30 and a beta of 1.41. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.77.

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

Acadia Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AKR shares. Truist Financial downgraded shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research report on Tuesday, January 16th. Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Acadia Realty Trust has an average rating of “Hold” and an average target price of $18.50.

Institutional Trading of Acadia Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of AKR. Charles Schwab Investment Management Inc. raised its position in shares of Acadia Realty Trust by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,627,993 shares of the real estate investment trust’s stock valued at $23,362,000 after purchasing an additional 67,141 shares during the period. Vanguard Group Inc. lifted its position in shares of Acadia Realty Trust by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,562,072 shares of the real estate investment trust’s stock valued at $223,316,000 after acquiring an additional 118,807 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Acadia Realty Trust in the third quarter worth $781,000. Graham Capital Management L.P. increased its position in shares of Acadia Realty Trust by 238.7% in the third quarter. Graham Capital Management L.P. now owns 46,341 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 32,659 shares during the period. Finally, Natixis Advisors L.P. lifted its position in Acadia Realty Trust by 5.0% during the third quarter. Natixis Advisors L.P. now owns 20,856 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 997 shares during the period. Institutional investors own 97.65% of the company’s stock.

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.