Acadia Realty Trust (NYSE:AKR) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Acadia Realty Trust (NYSE:AKR) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 78,722 shares of the real estate investment trust’s stock after acquiring an additional 12,456 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Acadia Realty Trust worth $1,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Acadia Realty Trust by 290.3% during the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock worth $224,910,000 after purchasing an additional 7,124,403 shares during the period. Vanguard Group Inc. boosted its stake in Acadia Realty Trust by 8.8% during the fourth quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust’s stock worth $437,230,000 after buying an additional 1,459,448 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Acadia Realty Trust by 381.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust’s stock valued at $15,422,000 after acquiring an additional 520,319 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Acadia Realty Trust by 11.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust’s stock valued at $51,958,000 after acquiring an additional 219,983 shares during the period. Finally, Amundi lifted its holdings in shares of Acadia Realty Trust by 278.1% in the 4th quarter. Amundi now owns 284,052 shares of the real estate investment trust’s stock worth $6,479,000 after acquiring an additional 208,933 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their target price on Acadia Realty Trust from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.00.

Acadia Realty Trust Trading Down 1.1 %

NYSE AKR opened at $20.71 on Wednesday. Acadia Realty Trust has a one year low of $16.14 and a one year high of $26.29. The firm has a 50 day simple moving average of $22.57 and a 200-day simple moving average of $23.55. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 115.06, a PEG ratio of 6.09 and a beta of 1.49. 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 posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. Equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s dividend payout ratio is presently 444.44%.

Insider Activity at Acadia Realty Trust

In other 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.83% of the stock is owned by corporate insiders.

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.