Mutual of America Capital Management LLC Buys 2,282 Shares of Acadia Realty Trust (NYSE:AKR)

Mutual of America Capital Management LLC boosted its stake in shares of Acadia Realty Trust (NYSE:AKR) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,125 shares of the real estate investment trust’s stock after purchasing an additional 2,282 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Acadia Realty Trust were worth $438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Acadia Realty Trust by 13.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 28,112 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 3,300 shares during the period. Illinois Municipal Retirement Fund lifted its position in Acadia Realty Trust by 7.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 57,667 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 4,242 shares during the last quarter. Amalgamated Bank lifted its position in Acadia Realty Trust by 12.2% during the 4th quarter. Amalgamated Bank now owns 34,686 shares of the real estate investment trust’s stock worth $838,000 after acquiring an additional 3,783 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Acadia Realty Trust by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,110,758 shares of the real estate investment trust’s stock valued at $26,836,000 after acquiring an additional 56,614 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of Acadia Realty Trust by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 37,032 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial upped their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.00.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $22.49 on Monday. The business’s 50 day moving average is $23.16 and its 200-day moving average is $23.69. The firm has a market capitalization of $2.69 billion, a PE ratio of 124.95, a PEG ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a 1-year low of $16.10 and a 1-year high of $26.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

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 (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. Sell-side analysts predict that Acadia Realty Trust will post 1.34 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.56%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s dividend payout ratio is currently 444.44%.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.83% of the company’s stock.

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.