10,848 Shares in Acadia Realty Trust (NYSE:AKR) Bought by Metis Global Partners LLC

Metis Global Partners LLC purchased a new stake in Acadia Realty Trust (NYSE:AKR) during the third quarter, Holdings Channel reports. The institutional investor purchased 10,848 shares of the real estate investment trust’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AKR. Vanguard Group Inc. raised its holdings in Acadia Realty Trust by 7.7% in the first quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust’s stock valued at $283,775,000 after acquiring an additional 1,192,138 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Acadia Realty Trust by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust’s stock valued at $150,511,000 after purchasing an additional 388,067 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Acadia Realty Trust by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,739 shares of the real estate investment trust’s stock worth $26,337,000 after purchasing an additional 75,233 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Acadia Realty Trust by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,176,907 shares of the real estate investment trust’s stock worth $21,090,000 after purchasing an additional 8,739 shares in the last quarter. Finally, APG Asset Management US Inc. purchased a new position in Acadia Realty Trust in the second quarter valued at $18,070,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Up 0.2 %

Acadia Realty Trust stock opened at $24.98 on Wednesday. The stock has a 50-day simple moving average of $23.84 and a 200-day simple moving average of $20.85. The company has a market capitalization of $2.99 billion, a P/E ratio of 277.56, a PEG ratio of 6.22 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14. Acadia Realty Trust has a fifty-two week low of $14.62 and a fifty-two week high of $25.58.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). The firm had revenue of $87.70 million during the quarter, compared to analysts’ expectations of $70.88 million. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. Acadia Realty Trust’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities research analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current 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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Acadia Realty Trust’s payout ratio is currently 844.44%.

Analyst Ratings Changes

Several research analysts have recently issued reports on AKR shares. Truist Financial upped their price objective on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. StockNews.com upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.60.

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.