Texas Permanent School Fund Has $1.27 Million Holdings in Acadia Realty Trust (AKR)

Texas Permanent School Fund raised its holdings in Acadia Realty Trust (NYSE:AKR) by 4.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,367 shares of the real estate investment trust’s stock after buying an additional 2,085 shares during the period. Texas Permanent School Fund’s holdings in Acadia Realty Trust were worth $1,268,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AKR. BlackRock Inc. increased its position in shares of Acadia Realty Trust by 1.8% during the fourth quarter. BlackRock Inc. now owns 14,350,231 shares of the real estate investment trust’s stock worth $340,961,000 after purchasing an additional 250,849 shares in the last quarter. Deutsche Bank AG increased its position in shares of Acadia Realty Trust by 10.0% during the third quarter. Deutsche Bank AG now owns 2,700,196 shares of the real estate investment trust’s stock worth $75,683,000 after purchasing an additional 244,834 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Acadia Realty Trust by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,322,778 shares of the real estate investment trust’s stock worth $37,075,000 after purchasing an additional 5,159 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Acadia Realty Trust by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 1,287,426 shares of the real estate investment trust’s stock worth $36,086,000 after purchasing an additional 9,092 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Acadia Realty Trust by 36.6% during the third quarter. Wells Fargo & Company MN now owns 1,025,148 shares of the real estate investment trust’s stock worth $28,735,000 after purchasing an additional 274,914 shares in the last quarter.

A number of analysts have recently commented on AKR shares. ValuEngine upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Acadia Realty Trust presently has an average rating of “Hold” and an average target price of $31.33.



In related news, VP Jason Blacksberg sold 2,096 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $29.50, for a total value of $61,832.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher Conlon sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.91, for a total value of $139,550.00. Following the completion of the transaction, the executive vice president now owns 15,000 shares in the company, valued at approximately $418,650. The disclosure for this sale can be found here. Insiders sold a total of 17,096 shares of company stock worth $481,982 in the last 90 days. 2.15% of the stock is currently owned by insiders.

AKR stock traded down $0.36 during trading on Friday, hitting $27.57. The company had a trading volume of 9,454 shares, compared to its average volume of 444,703. The stock has a market capitalization of $2.28 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.39 and a beta of 0.73. Acadia Realty Trust has a 1-year low of $22.27 and a 1-year high of $29.82. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.74.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.27). The company had revenue of $69.45 million during the quarter, compared to analyst estimates of $53.28 million. Acadia Realty Trust had a net margin of 11.95% and a return on equity of 1.48%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Analysts expect that Acadia Realty Trust will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, March 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 82.96%.

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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 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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