Fox Run Management L.L.C. Invests $330,000 in Acadia Realty Trust (NYSE:AKR)

Fox Run Management L.L.C. purchased a new stake in shares of Acadia Realty Trust (NYSE:AKR) during the 4th quarter, Holdings Channel reports. The fund purchased 13,673 shares of the real estate investment trust’s stock, valued at approximately $330,000.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its position in Acadia Realty Trust by 290.3% during the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock valued at $224,910,000 after purchasing an additional 7,124,403 shares during the period. Geode Capital Management LLC grew its position in shares of Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after buying an additional 63,672 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Acadia Realty Trust by 11.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust’s stock worth $51,958,000 after buying an additional 219,983 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Acadia Realty Trust by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,110,758 shares of the real estate investment trust’s stock valued at $26,836,000 after buying an additional 56,614 shares during the period. Finally, Barclays PLC boosted its stake in Acadia Realty Trust by 11.8% in the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock valued at $18,240,000 after acquiring an additional 81,853 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

AKR has been the subject of a number of analyst reports. Truist Financial lifted their target price on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Trading Up 0.1 %

AKR opened at $21.33 on Thursday. The firm’s fifty day moving average is $22.71 and its two-hundred day moving average is $23.60. The firm has a market cap of $2.55 billion, a PE ratio of 118.47, a price-to-earnings-growth ratio of 6.09 and a beta of 1.49. Acadia Realty Trust has a twelve month low of $16.13 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 issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. Equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 3.75%. Acadia Realty Trust’s payout ratio is currently 444.44%.

Insider Buying and Selling

In other news, EVP Jason Blacksberg sold 30,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.83% of the stock is owned by company insiders.

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.