Acadia Realty Trust (NYSE:AKR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Acadia Realty Trust (NYSE:AKR) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,930,601 shares of the real estate investment trust’s stock after acquiring an additional 83,180 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.61% of Acadia Realty Trust worth $45,331,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Acadia Realty Trust by 32.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 572 shares during the period. USA Financial Formulas acquired a new stake in Acadia Realty Trust during the 3rd quarter worth approximately $80,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Acadia Realty Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,039 shares during the period. SG Americas Securities LLC acquired a new position in Acadia Realty Trust during the second quarter valued at approximately $103,000. Finally, Custom Index Systems LLC purchased a new stake in Acadia Realty Trust during the third quarter worth approximately $202,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $27.00 in a research note on Thursday, October 10th. Finally, Truist Financial upped their price target on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

Acadia Realty Trust Trading Down 0.9 %

AKR opened at $25.85 on Monday. Acadia Realty Trust has a 12-month low of $14.74 and a 12-month high of $26.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $3.09 billion, a PE ratio of 287.22, a P/E/G ratio of 6.53 and a beta of 1.46. The firm’s fifty day moving average price is $24.28 and its 200 day moving average price is $21.30.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). The company had revenue of $87.70 million during the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. As a group, research analysts expect that Acadia Realty Trust will post 1.28 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.94%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 844.44%.

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.