1 week Ago By ABMN Staff
JPMorgan Chase & Co. cut its holdings in shares of Acadia Realty Trust ( NYSE:AKR – Free Report ) by 2.0% during the fourth quarter, Holdings Channel reports.
The fund owned 807,550 shares of the real estate investment trust’s stock after selling 16,458 shares during the period. JPMorgan Chase & Co.’s holdings in Acadia Realty Trust were worth $19,510,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AKR. Vanguard Group Inc. boosted its stake in Acadia Realty Trust by 8.
8% in the fourth quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust’s stock worth $437,230,000 after purchasing an additional 1,459,448 shares in the last quarter.
Charles Schwab Investment Management Inc. lifted its position in Acadia Realty Trust by 11.4% during the 4th 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 in the last quarter. Amundi lifted its position in Acadia Realty Trust by 278.
1% during the 4th quarter. Amundi now owns 284,052 shares of the real estate investment trust’s stock worth $6,479,000 after buying an additional 208,933 shares in the last quarter. Burkehill Global Management LP bought a new stake in Acadia Realty Trust during the 4th quarter worth about $4,832,000.
Finally, Great Lakes Advisors LLC acquired a new stake in Acadia Realty Trust in the 4th quarter valued at about $4,165,000. 97.65% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Acadia Realty Trust In other news, EVP Jason Blacksberg sold 30,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.
00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Insiders own 2.
83% of the company’s stock. Acadia Realty Trust Trading Down 2.4 % Acadia Realty Trust ( NYSE:AKR – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 11th.
The real estate investment trust reported $0.32 earnings per share 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%. As a group, equities research analysts expect 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 issued a $0.20 dividend.
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 yield of 4.31%. The ex-dividend date of this dividend is Monday, March 31st.
Acadia Realty Trust’s dividend payout ratio is currently 444.44%. Analyst Upgrades and Downgrades Separately, Truist Financial upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.
00 target price on the stock in a research report on Thursday. View Our Latest Report on AKR Acadia Realty Trust Company Profile ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding AKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadia Realty Trust ( NYSE:AKR – Free Report ). Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.
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