Swiss National Bank Has $5.01 Million Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Swiss National Bank grew its position in Acadia Realty Trust (NYSE:AKR) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 207,200 shares of the real estate investment trust’s stock after buying an additional 5,400 shares during the period. Swiss National Bank owned approximately 0.17% of Acadia Realty Trust worth $5,006,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 717 shares in the last quarter. USA Financial Formulas increased its stake in Acadia Realty Trust by 14.4% during the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 489 shares in the last quarter. KBC Group NV raised its holdings in Acadia Realty Trust by 44.1% during the 4th 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 during the period. Longboard Asset Management LP bought a new position in Acadia Realty Trust in the fourth quarter valued at approximately $213,000. Finally, Metis Global Partners LLC boosted its holdings in shares of Acadia Realty Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 12,081 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 1,233 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Insider Transactions at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $22.81, for a total value of $684,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AKR. Truist Financial boosted their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. 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. 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 Stock Performance

Shares of AKR stock opened at $21.48 on Tuesday. The firm has a market cap of $2.57 billion, a PE ratio of 119.34, a P/E/G ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a 12 month low of $16.13 and a 12 month high of $26.29. The company’s fifty day simple moving average is $22.75 and its 200-day simple moving average is $23.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Equities research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.72%. Acadia Realty Trust’s payout ratio is 444.44%.

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.