Acadia Realty Trust (NYSE:AKR) Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC decreased its stake in shares of Acadia Realty Trust (NYSE:AKR) by 52.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,505 shares of the real estate investment trust’s stock after selling 13,579 shares during the quarter. Inspire Advisors LLC’s holdings in Acadia Realty Trust were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Sei Investments Co. increased its stake in Acadia Realty Trust by 8.2% during the 1st quarter. Sei Investments Co. now owns 52,105 shares of the real estate investment trust’s stock valued at $886,000 after purchasing an additional 3,940 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at $433,000. Swiss National Bank boosted its holdings in shares of Acadia Realty Trust by 7.5% in the 1st quarter. Swiss National Bank now owns 201,800 shares of the real estate investment trust’s stock valued at $3,433,000 after acquiring an additional 14,000 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Acadia Realty Trust by 8.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 89,510 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 7,185 shares during the last quarter. Finally, Easterly Investment Partners LLC purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at $18,139,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $20.00 in a report on Friday, April 5th. JPMorgan Chase & Co. raised shares of Acadia Realty Trust from an “underweight” rating to a “neutral” rating and set a $18.00 price objective on the stock in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.40.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR opened at $19.89 on Wednesday. The company’s fifty day moving average price is $17.49 and its 200 day moving average price is $17.10. Acadia Realty Trust has a 1 year low of $13.24 and a 1 year high of $19.93. The company has a market capitalization of $2.05 billion, a PE ratio of 248.56, a price-to-earnings-growth ratio of 5.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.90 and a current ratio of 0.90.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.27). Acadia Realty Trust had a return on equity of 0.39% and a net margin of 2.38%. The firm had revenue of $91.36 million for the quarter, compared to analysts’ expectations of $69.75 million. During the same period last year, the company posted $0.40 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis. On average, research analysts predict that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Friday, June 28th. Acadia Realty Trust’s payout ratio is 900.00%.

Insider Buying and Selling at Acadia Realty Trust

In other Acadia Realty Trust news, VP Richard Hartmann sold 25,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Acadia Realty Trust news, VP Richard Hartmann sold 25,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John J. Gottfried sold 12,500 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $16.89, for a total transaction of $211,125.00. Following the transaction, the chief financial officer now directly owns 7,600 shares in the company, valued at $128,364. The disclosure for this sale can be found here. Insiders own 2.83% of the company’s stock.

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.