Charles Schwab Investment Management Inc. Raises Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,150,584 shares of the real estate investment trust’s stock after purchasing an additional 219,983 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.80% of Acadia Realty Trust worth $51,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AKR. Smartleaf Asset Management LLC grew its holdings in shares of Acadia Realty Trust by 91.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 717 shares in the last quarter. USA Financial Formulas boosted its stake in Acadia Realty Trust by 14.4% in the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 489 shares in the last quarter. KBC Group NV boosted its stake in Acadia Realty Trust by 44.1% in the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,448 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Acadia Realty Trust in the third quarter worth approximately $202,000. Finally, Longboard Asset Management LP purchased a new stake in Acadia Realty Trust in the fourth quarter worth approximately $213,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Performance

Shares of AKR stock opened at $20.95 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Acadia Realty Trust has a fifty-two week low of $16.10 and a fifty-two week high of $26.29. The stock has a 50 day moving average price of $23.02 and a two-hundred day moving average price of $23.68. The company has a market capitalization of $2.51 billion, a P/E ratio of 116.36, a PEG ratio of 6.09 and a beta of 1.49.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating 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%. Analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, March 31st. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s dividend payout ratio is currently 444.44%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AKR shares. Truist Financial upped their target price on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Acadia Realty Trust has a consensus rating of “Hold” and an average target price of $23.00.

Insider Activity at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.83% of the stock is owned by corporate insiders.

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.