Yousif Capital Management LLC Buys 4,341 Shares of Acadia Realty Trust (NYSE:AKR)

Yousif Capital Management LLC increased its stake in Acadia Realty Trust (NYSE:AKR) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,038 shares of the real estate investment trust’s stock after purchasing an additional 4,341 shares during the period. Yousif Capital Management LLC’s holdings in Acadia Realty Trust were worth $1,088,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its holdings in Acadia Realty Trust by 2.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 23,795 shares of the real estate investment trust’s stock worth $559,000 after acquiring an additional 582 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 acquiring an additional 1,039 shares during the period. Custom Index Systems LLC acquired a new stake in Acadia Realty Trust during the 3rd quarter worth $202,000. abrdn plc grew its holdings in Acadia Realty Trust by 10.0% during the 3rd quarter. abrdn plc now owns 21,535 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 1,954 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Acadia Realty Trust by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 17,727 shares of the real estate investment trust’s stock worth $431,000 after acquiring an additional 2,268 shares during the period. Institutional investors own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

AKR has been the subject of a number of analyst reports. StockNews.com lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Truist Financial lifted their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Price Performance

Shares of AKR stock opened at $23.90 on Friday. Acadia Realty Trust has a 12-month low of $16.09 and a 12-month high of $26.29. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 265.51, a price-to-earnings-growth ratio of 6.24 and a beta of 1.46. 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 firm has a fifty day moving average of $23.61 and a 200-day moving average of $23.49.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

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