Insider Selling: Acadia Realty Trust (NYSE:AKR) EVP Sells 30,000 Shares of Stock

Acadia Realty Trust (NYSE:AKR) EVP Jason Blacksberg sold 30,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Acadia Realty Trust Stock Down 0.1 %

NYSE AKR opened at $22.49 on Friday. The stock has a market cap of $2.69 billion, a PE ratio of 124.95, a PEG ratio of 6.09 and a beta of 1.49. The firm has a 50-day simple moving average of $23.19 and a 200 day simple moving average of $23.66. Acadia Realty Trust has a twelve month low of $16.10 and a twelve month high of $26.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, beating 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, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s payout ratio is currently 444.44%.

Institutional Investors Weigh In On Acadia Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its position 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 purchasing an additional 476 shares during the last quarter. USA Financial Formulas boosted its holdings in Acadia Realty Trust by 14.4% in the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 489 shares during the last quarter. Monument Capital Management increased its position in Acadia Realty Trust by 3.7% in the fourth quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 489 shares during the period. Smartleaf Asset Management LLC lifted its position in 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 purchasing an additional 717 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Acadia Realty Trust by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 731 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AKR shares. StockNews.com lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial boosted their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $23.00.

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.