Acadia Realty Trust (NYSE:AKR) Short Interest Update

Acadia Realty Trust (NYSE:AKR) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,610,000 shares, a decrease of 61.9% from the March 15th total of 14,720,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 4.9 days. Approximately 4.8% of the company’s stock are sold short.

Acadia Realty Trust Stock Up 1.4 %

AKR stock traded up $0.26 during trading on Wednesday, hitting $19.31. 646,036 shares of the stock traded hands, compared to its average volume of 1,049,655. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 107.28, a price-to-earnings-growth ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a 1 year low of $16.14 and a 1 year high of $26.29. The firm’s 50 day moving average is $21.46 and its two-hundred day moving average is $23.17.

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, topping analysts’ consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. On average, sell-side analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.14%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. Acadia Realty Trust’s dividend payout ratio (DPR) is 444.44%.

Insider Buying and Selling

In other news, EVP Jason Blacksberg sold 30,000 shares of the company’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 transaction was disclosed in a filing with the SEC, which is available through this link. 2.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AKR. USA Financial Formulas lifted its holdings in Acadia Realty Trust by 14.4% during the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 489 shares in the last quarter. Monument Capital Management raised its position in shares of Acadia Realty Trust by 3.7% during the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 489 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Acadia Realty Trust by 91.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 717 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Acadia Realty Trust by 2.1% during the fourth quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust’s stock worth $843,000 after purchasing an additional 731 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Acadia Realty Trust by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust’s stock valued at $1,389,000 after buying an additional 764 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, April 10th.

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.