Monument Capital Management Has $335,000 Stake in Acadia Realty Trust (NYSE:AKR)

Monument Capital Management increased its stake in Acadia Realty Trust (NYSE:AKR) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 13,882 shares of the real estate investment trust’s stock after purchasing an additional 489 shares during the period. Monument Capital Management’s holdings in Acadia Realty Trust were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AKR. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Acadia Realty Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,039 shares during the period. USA Financial Formulas boosted its stake in Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 489 shares during the period. KBC Group NV grew its holdings in Acadia Realty Trust by 44.1% in the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,448 shares during the last quarter. Custom Index Systems LLC bought a new position in Acadia Realty Trust in the 3rd quarter worth approximately $202,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Acadia Realty Trust during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 3.5 %

AKR stock opened at $23.90 on Monday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 265.51, a P/E/G ratio of 6.24 and a beta of 1.46. Acadia Realty Trust has a fifty-two week low of $16.09 and a fifty-two week high of $26.29. The business has a 50-day moving average of $23.61 and a 200-day moving average of $23.52. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. On average, sell-side analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.35%. Acadia Realty Trust’s payout ratio is 444.44%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AKR. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial boosted their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, December 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, Acadia Realty Trust currently 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.