Trillium Asset Management LLC Boosts Stake in Acadia Realty Trust (NYSE:AKR)

Trillium Asset Management LLC grew its stake in Acadia Realty Trust (NYSE:AKRGet Rating) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,914 shares of the real estate investment trust’s stock after buying an additional 8,451 shares during the period. Trillium Asset Management LLC owned 0.13% of Acadia Realty Trust worth $2,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AKR. KBC Group NV purchased a new position in shares of Acadia Realty Trust in the fourth quarter worth $39,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Acadia Realty Trust during the third quarter worth $43,000. Selective Wealth Management Inc. purchased a new position in shares of Acadia Realty Trust during the fourth quarter worth $44,000. US Asset Management LLC purchased a new position in shares of Acadia Realty Trust during the third quarter worth $52,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of Acadia Realty Trust during the third quarter worth $60,000. 98.23% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. StockNews.com started coverage on shares of Acadia Realty Trust in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Acadia Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $25.00.

In related news, Director Wendy W. Luscombe sold 1,500 shares of the business’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $21.18, for a total transaction of $31,770.00. Following the transaction, the director now directly owns 33,399 shares in the company, valued at $707,390.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.75% of the stock is owned by company insiders.

AKR stock traded down $0.06 during midday trading on Tuesday, hitting $20.98. 1,521 shares of the stock traded hands, compared to its average volume of 599,617. The stock’s fifty day simple moving average is $21.45 and its 200-day simple moving average is $21.46. Acadia Realty Trust has a 1-year low of $18.60 and a 1-year high of $23.33. The firm has a market cap of $1.96 billion, a P/E ratio of 80.93, a PEG ratio of 2.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Acadia Realty Trust (NYSE:AKRGet Rating) last announced its earnings results on Monday, February 14th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Acadia Realty Trust had a net margin of 7.99% and a return on equity of 1.12%. During the same period last year, the business earned $0.24 EPS. On average, research analysts predict that Acadia Realty Trust will post 1.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a $0.18 dividend. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, March 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.43%. Acadia Realty Trust’s dividend payout ratio (DPR) is 276.93%.

About Acadia Realty Trust (Get Rating)

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Â- Core Portfolio and Fund Â- 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.

Further Reading

Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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