Nissay Asset Management Corp Japan ADV Acquires 2,664 Shares of Acadia Realty Trust (NYSE:AKR)

Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 19.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,714 shares of the real estate investment trust’s stock after purchasing an additional 2,664 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Acadia Realty Trust were worth $401,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AKR. Barclays PLC grew its holdings in shares of Acadia Realty Trust by 11.8% during the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock worth $18,240,000 after purchasing an additional 81,853 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Acadia Realty Trust by 27.7% during the fourth quarter. SG Americas Securities LLC now owns 38,378 shares of the real estate investment trust’s stock worth $927,000 after purchasing an additional 8,322 shares during the last quarter. KBC Group NV grew its holdings in shares of Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,448 shares during the last quarter. abrdn plc grew its holdings in shares of Acadia Realty Trust by 83.1% during the fourth quarter. abrdn plc now owns 39,438 shares of the real estate investment trust’s stock worth $946,000 after purchasing an additional 17,903 shares during the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of Acadia Realty Trust during the fourth quarter worth $213,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock opened at $20.27 on Monday. The business’s 50-day simple moving average is $19.95 and its 200 day simple moving average is $22.53. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 112.59, a P/E/G ratio of 6.09 and a beta of 1.39. Acadia Realty Trust has a 12-month low of $16.14 and a 12-month high of $26.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $104.39 million for the quarter, compared to analysts’ expectations of $86.99 million. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. As a group, research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Monday, June 30th. Acadia Realty Trust’s dividend payout ratio is 500.00%.

Insider Activity at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.