Fmr LLC Has $280.76 Million Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Fmr LLC grew its stake in shares of Acadia Realty Trust (NYSE:AKR) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,620,757 shares of the real estate investment trust’s stock after purchasing an additional 2,041,986 shares during the period. Fmr LLC owned approximately 9.71% of Acadia Realty Trust worth $280,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Acadia Realty Trust by 8.8% in 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 purchasing an additional 1,459,448 shares during the last quarter. Norges Bank bought a new position in shares of Acadia Realty Trust in the fourth quarter valued at approximately $8,439,000. Geode Capital Management LLC lifted its holdings in Acadia Realty Trust by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust’s stock worth $71,278,000 after acquiring an additional 308,117 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Acadia Realty Trust by 11.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust’s stock worth $51,958,000 after purchasing an additional 219,983 shares during the last quarter. Finally, Amundi increased its position in shares of Acadia Realty Trust by 278.1% during the 4th quarter. Amundi now owns 284,052 shares of the real estate investment trust’s stock valued at $6,479,000 after purchasing an additional 208,933 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 0.7 %

Shares of AKR opened at $18.71 on Friday. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29. The business has a 50-day moving average of $21.72 and a 200 day moving average of $23.26. The firm has a market cap of $2.24 billion, a P/E ratio of 103.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. 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 issued its earnings results 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 net margin of 5.74% and a return on equity of 0.88%. As a group, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently announced 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 is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.28%. Acadia Realty Trust’s payout ratio is presently 444.44%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday.

Insiders Place Their Bets

In other news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.83% of the company’s stock.

Acadia Realty Trust 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.