Acadia Realty Trust (AKR) Holdings Cut by Barings LLC

Barings LLC trimmed its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 33.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721,303 shares of the real estate investment trust’s stock after selling 359,973 shares during the period. Barings LLC owned 0.89% of Acadia Realty Trust worth $20,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AKR. Paloma Partners Management Co purchased a new stake in Acadia Realty Trust during the 2nd quarter worth about $222,000. Fox Run Management L.L.C. purchased a new stake in shares of Acadia Realty Trust in the 3rd quarter valued at about $288,000. Point72 Hong Kong Ltd purchased a new stake in shares of Acadia Realty Trust in the 2nd quarter valued at about $297,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Acadia Realty Trust by 45.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 13,132 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Acadia Realty Trust in the 2nd quarter valued at about $390,000.

Shares of Acadia Realty Trust stock traded down $0.04 on Friday, hitting $27.80. The stock had a trading volume of 624,100 shares, compared to its average volume of 619,819. Acadia Realty Trust has a 52-week low of $21.34 and a 52-week high of $29.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $2.24 billion, a P/E ratio of 18.41, a PEG ratio of 2.29 and a beta of 0.33.



Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Acadia Realty Trust had a return on equity of 2.25% and a net margin of 19.11%. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.66 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts forecast that Acadia Realty Trust will post 1.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Thursday, September 27th. Acadia Realty Trust’s dividend payout ratio is presently 71.52%.

AKR has been the subject of several research reports. Bank of America boosted their target price on Acadia Realty Trust from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, September 17th. Zacks Investment Research downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. ValuEngine raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, July 8th. Finally, Citigroup boosted their target price on Acadia Realty Trust from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.33.

In other Acadia Realty Trust news, Director Wendy W. Luscombe sold 2,204 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $28.12, for a total transaction of $61,976.48. Following the completion of the sale, the director now directly owns 40,198 shares of the company’s stock, valued at approximately $1,130,367.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Napolitano sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $28.51, for a total value of $128,295.00. Following the sale, the insider now directly owns 4,618 shares of the company’s stock, valued at $131,659.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,606 shares of company stock valued at $273,014. 2.15% of the stock is owned by company insiders.

Acadia Realty Trust Profile

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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Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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