Acadia Realty Trust (NYSE:AKR) Short Interest Update

Acadia Realty Trust (NYSE:AKR) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 12,390,000 shares, an increase of 21.7% from the December 31st total of 10,180,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is currently 9.2 days.

Hedge Funds Weigh In On Acadia Realty Trust

Institutional investors have recently made changes to their positions in the company. USA Financial Formulas purchased a new position in shares of Acadia Realty Trust during the third quarter valued at $80,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Acadia Realty Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,039 shares during the period. KBC Group NV increased its stake 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 valued at $114,000 after buying an additional 1,448 shares during the period. Custom Index Systems LLC purchased a new position in shares of Acadia Realty Trust during the third quarter valued at $202,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Acadia Realty Trust during the third quarter valued at $202,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.6 %

NYSE:AKR opened at $23.04 on Friday. Acadia Realty Trust has a twelve month low of $16.09 and a twelve month high of $26.29. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 256.00, a price-to-earnings-growth ratio of 6.12 and a beta of 1.47. The stock has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $23.28. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.30%. Acadia Realty Trust’s dividend payout ratio is currently 844.44%.

Analyst Ratings Changes

AKR has been the subject of a number of analyst reports. Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th. Truist Financial raised their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

About Acadia Realty Trust

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.