Pictet Asset Management Holding SA Increases Stake in Acadia Realty Trust (NYSE:AKR)

Pictet Asset Management Holding SA raised its holdings in shares of Acadia Realty Trust ( NYSE:AKR – Free Report ) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,709 shares of the real estate investment trust’s stock after buying an additional 10,974 shares during the quarter.

Pictet Asset Management Holding SA’s holdings in Acadia Realty Trust were worth $984,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its stake in Acadia Realty Trust by 91.



3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 717 shares in the last quarter. USA Financial Formulas grew its holdings in Acadia Realty Trust by 14.

4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 489 shares in the last quarter. KBC Group NV raised its holdings in shares of Acadia Realty Trust by 44.

1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,448 shares during the period. Xponance Inc.

purchased a new stake in shares of Acadia Realty Trust in the fourth quarter valued at about $203,000. Finally, Longboard Asset Management LP purchased a new position in Acadia Realty Trust during the fourth quarter worth about $213,000. 97.

65% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Separately, Truist Financial decreased their price objective on Acadia Realty Trust from $25.00 to $23.

00 and set a “hold” rating on the stock in a report on Tuesday, April 1st. Acadia Realty Trust Stock Performance NYSE:AKR opened at $18.31 on Monday.

Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week 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. The company has a 50 day moving average price of $22.39 and a 200 day moving average price of $23.

49. The stock has a market capitalization of $2.19 billion, a P/E ratio of 101.

69, a PEG ratio of 6.09 and a beta of 1.24.

Acadia Realty Trust ( NYSE:AKR – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 forecast that Acadia Realty Trust will post 1.

34 EPS for the current year. Acadia Realty Trust Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.

20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.

80 dividend on an annualized basis and a yield of 4.37%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.

19. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 444.44%.

Insider Activity In related news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust 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 document filed with the SEC, which can be accessed through this link . Company insiders own 2.

83% of the company’s stock. Acadia Realty Trust 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.

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