Acadia Realty Trust (NYSE:AKR) Short Interest Update

Acadia Realty Trust (NYSE:AKR) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 8,260,000 shares, a growth of 35.0% from the November 15th total of 6,120,000 shares. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is presently 7.4 days.

Analyst Upgrades and Downgrades

AKR has been the topic of a number of analyst reports. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $27.00 in a research report on Thursday, October 10th. Finally, Truist Financial increased their price target on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Acadia Realty Trust has a consensus rating of “Hold” and an average price target of $22.40.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds have recently modified their holdings of the company. FMR LLC lifted its stake in Acadia Realty Trust by 290.3% in the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock worth $224,910,000 after purchasing an additional 7,124,403 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after acquiring an additional 63,672 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock valued at $45,331,000 after acquiring an additional 83,180 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Acadia Realty Trust by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,469,739 shares of the real estate investment trust’s stock worth $26,337,000 after purchasing an additional 75,233 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Acadia Realty Trust by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,176,907 shares of the real estate investment trust’s stock worth $21,090,000 after acquiring an additional 8,739 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Stock Up 0.6 %

Acadia Realty Trust stock traded up $0.15 during mid-day trading on Friday, hitting $25.35. The company had a trading volume of 1,317,978 shares, compared to its average volume of 1,027,089. The company has a market capitalization of $3.03 billion, a PE ratio of 281.67, a price-to-earnings-growth ratio of 6.32 and a beta of 1.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average price is $24.73 and its two-hundred day moving average price is $21.89. Acadia Realty Trust has a 12 month low of $16.09 and a 12 month high of $26.29.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The firm had revenue of $87.70 million for the quarter, compared to the consensus estimate of $70.88 million. During the same period in the previous year, the company earned $0.27 earnings per share. Acadia Realty Trust’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.00%. Acadia Realty Trust’s payout ratio is currently 844.44%.

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.