Jane Street Group LLC Boosts Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Jane Street Group LLC grew its stake in shares of Acadia Realty Trust (NYSE:AKR) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,409 shares of the real estate investment trust’s stock after buying an additional 3,453 shares during the period. Jane Street Group LLC owned 0.08% of Acadia Realty Trust worth $2,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AKR. USA Financial Formulas acquired a new stake in Acadia Realty Trust during the third quarter worth about $80,000. Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 1,039 shares during the period. SG Americas Securities LLC acquired a new stake in Acadia Realty Trust during the 2nd quarter worth approximately $103,000. Custom Index Systems LLC purchased a new position in Acadia Realty Trust in the third quarter valued at approximately $202,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Acadia Realty Trust during the third quarter valued at approximately $202,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AKR shares. Compass Point raised shares of 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 note on Thursday, October 10th. Truist Financial raised their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.40.

Acadia Realty Trust Price Performance

Shares of AKR stock opened at $23.89 on Monday. Acadia Realty Trust has a twelve month low of $16.09 and a twelve month high of $26.29. The company has a market capitalization of $2.86 billion, a PE ratio of 265.44, a price-to-earnings-growth ratio of 6.41 and a beta of 1.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $24.87 and a 200-day simple moving average of $22.15.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results 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 analyst estimates of $70.88 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 3.18%. Acadia Realty Trust’s dividend payout ratio is presently 844.44%.

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.