Jackson Creek Investment Advisors LLC Sells 2,575 Shares of Acadia Realty Trust (NYSE:AKR)

Jackson Creek Investment Advisors LLC trimmed its holdings in Acadia Realty Trust (NYSE:AKR) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 82,830 shares of the real estate investment trust’s stock after selling 2,575 shares during the period. Acadia Realty Trust accounts for about 0.6% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 14th largest position. Jackson Creek Investment Advisors LLC’s holdings in Acadia Realty Trust were worth $2,001,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AKR. Van ECK Associates Corp boosted its holdings in shares of Acadia Realty Trust by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 17,727 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 2,268 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Acadia Realty Trust by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust’s stock worth $3,725,000 after acquiring an additional 476 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Acadia Realty Trust in the 3rd quarter worth approximately $202,000. Wolverine Asset Management LLC purchased a new stake in shares of Acadia Realty Trust during the 3rd quarter worth approximately $267,000. Finally, GSA Capital Partners LLP bought a new position in shares of Acadia Realty Trust during the 3rd quarter valued at approximately $849,000. Institutional investors own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial upped their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.00.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $22.53 on Friday. Acadia Realty Trust has a one year low of $16.10 and a one year high of $26.29. The company has a market capitalization of $2.70 billion, a PE ratio of 125.14, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50-day simple moving average of $23.22 and a two-hundred day simple moving average of $23.66.

Acadia Realty Trust (NYSE:AKR) last posted 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 return on equity of 0.88% and a net margin of 5.74%. Research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.55%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 444.44%.

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.