Profund Advisors LLC lifted its position in Acadia Realty Trust (NYSE:AKR) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,119 shares of the real estate investment trust’s stock after buying an additional 415 shares during the quarter. Profund Advisors LLC’s holdings in Acadia Realty Trust were worth $359,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Redpoint Investment Management Pty Ltd acquired a new stake in Acadia Realty Trust in the 2nd quarter worth approximately $201,000. Bank of Montreal Can lifted its holdings in Acadia Realty Trust by 251.6% in the 2nd quarter. Bank of Montreal Can now owns 9,747 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 6,975 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Acadia Realty Trust by 33.9% in the 1st quarter. SG Americas Securities LLC now owns 12,205 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 3,090 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Acadia Realty Trust by 7.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,941 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Acadia Realty Trust by 6.2% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,133 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 941 shares during the last quarter.
In other news, CFO John J. Gottfried sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $27.78, for a total transaction of $833,400.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at $833,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.47% of the stock is owned by insiders.
Shares of AKR stock traded up $0.05 during trading hours on Friday, reaching $28.70. 713,323 shares of the company’s stock were exchanged, compared to its average volume of 416,014. Acadia Realty Trust has a fifty-two week low of $23.11 and a fifty-two week high of $29.82. The stock has a market capitalization of $2.40 billion, a P/E ratio of 21.26, a P/E/G ratio of 3.59 and a beta of 0.69. The business has a fifty day moving average price of $27.86 and a 200-day moving average price of $27.86. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.80.
Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Acadia Realty Trust had a return on equity of 1.78% and a net margin of 13.32%. The company had revenue of $71.10 million during the quarter, compared to analyst estimates of $57.31 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that Acadia Realty Trust will post 1.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.90%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 82.96%.
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 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
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