8,609 Shares in Acadia Realty Trust (NYSE:AKR) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new stake in Acadia Realty Trust (NYSE:AKR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,609 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Acadia Realty Trust by 7.7% in the first quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust’s stock worth $283,775,000 after buying an additional 1,192,138 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Acadia Realty Trust by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust’s stock valued at $150,511,000 after purchasing an additional 388,067 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Acadia Realty Trust by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 1,200 shares during the period. DekaBank Deutsche Girozentrale grew its position in Acadia Realty Trust by 1.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 136,073 shares of the real estate investment trust’s stock worth $2,234,000 after purchasing an additional 2,290 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Acadia Realty Trust by 4.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,341 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 2,465 shares during the period. 97.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AKR has been the topic of several analyst reports. Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $27.00 in a research report on Thursday, October 10th. Truist Financial lifted their price objective on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Acadia Realty Trust Trading Up 1.2 %

Shares of AKR stock opened at $24.89 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $20.79. Acadia Realty Trust has a fifty-two week low of $14.62 and a fifty-two week high of $25.58. The stock has a market capitalization of $2.98 billion, a P/E ratio of 276.56, a P/E/G ratio of 6.22 and a beta of 1.46.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The business had revenue of $87.70 million for the quarter, compared to the consensus estimate of $70.88 million. During the same quarter last year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.05%. Acadia Realty Trust’s dividend payout ratio is currently 844.44%.

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.