New York State Common Retirement Fund grew its position in shares of Acadia Realty Trust (NYSE:AKR) by 3.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 111,543 shares of the real estate investment trust’s stock after acquiring an additional 3,332 shares during the period. New York State Common Retirement Fund’s holdings in Acadia Realty Trust were worth $3,042,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AKR. Oregon Public Employees Retirement Fund acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at about $31,000. Bank of Montreal Can lifted its holdings in Acadia Realty Trust by 68.4% in the 4th quarter. Bank of Montreal Can now owns 2,443 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 992 shares during the last quarter. Private Capital Group LLC lifted its holdings in Acadia Realty Trust by 31.5% in the 1st quarter. Private Capital Group LLC now owns 2,683 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 643 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Acadia Realty Trust by 3,884.3% in the 1st quarter. Quadrant Capital Group LLC now owns 3,307 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 3,224 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in Acadia Realty Trust by 221.1% in the 4th quarter. Advisor Group Inc. now owns 7,379 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 5,081 shares during the last quarter.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, March 18th. Citigroup set a $30.00 target price on Acadia Realty Trust and gave the stock a “hold” rating in a report on Monday, May 20th. Finally, ValuEngine lowered Acadia Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday.
Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.22). The business had revenue of $74.80 million during the quarter, compared to the consensus estimate of $51.36 million. Acadia Realty Trust had a return on equity of 1.71% and a net margin of 13.17%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities analysts expect that Acadia Realty Trust will post 1.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.03%. The ex-dividend date is Thursday, June 27th. Acadia Realty Trust’s dividend payout ratio is currently 82.96%.
In other news, VP Jason Blacksberg sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $28.50, for a total transaction of $114,000.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at $114,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher Conlon sold 20,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $27.83, for a total value of $556,600.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $278,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,574 shares of company stock worth $801,806. Company insiders own 2.47% of the company’s stock.
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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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