Duality Advisers LP Takes Position in Acadia Realty Trust (NYSE:AKR)

Duality Advisers LP acquired a new position in shares of Acadia Realty Trust (NYSE:AKR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 96,532 shares of the real estate investment trust’s stock, valued at approximately $1,253,000. Duality Advisers LP owned 0.11% of Acadia Realty Trust at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Guggenheim Capital LLC grew its stake in shares of Acadia Realty Trust by 1,003.0% during the 1st quarter. Guggenheim Capital LLC now owns 134,084 shares of the real estate investment trust’s stock worth $1,661,000 after purchasing an additional 121,928 shares during the period. Invesco Ltd. grew its position in Acadia Realty Trust by 12.0% during the first quarter. Invesco Ltd. now owns 1,109,776 shares of the real estate investment trust’s stock worth $13,750,000 after buying an additional 119,003 shares during the period. Legal & General Group Plc increased its holdings in Acadia Realty Trust by 18.3% in the first quarter. Legal & General Group Plc now owns 1,328,323 shares of the real estate investment trust’s stock valued at $16,458,000 after buying an additional 205,303 shares in the last quarter. Toronto Dominion Bank purchased a new position in Acadia Realty Trust in the first quarter valued at about $287,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Acadia Realty Trust by 7.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,748,273 shares of the real estate investment trust’s stock worth $21,660,000 after acquiring an additional 121,556 shares in the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

NYSE AKR opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.62 and a quick ratio of 0.62. Acadia Realty Trust has a 1-year low of $9.59 and a 1-year high of $29.55. The firm has a market capitalization of $1.04 billion, a P/E ratio of 32.54, a P/E/G ratio of 8.96 and a beta of 1.09. The business’s 50-day simple moving average is $12.81 and its 200-day simple moving average is $16.48.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.29). Acadia Realty Trust had a net margin of 11.02% and a return on equity of 1.52%. The business had revenue of $71.42 million for the quarter, compared to analyst estimates of $78.00 million. On average, equities research analysts expect that Acadia Realty Trust will post 1.21 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on AKR shares. SunTrust Banks reduced their target price on Acadia Realty Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, July 21st. TheStreet cut Acadia Realty Trust from a “c” rating to a “d+” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lowered shares of Acadia Realty Trust from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a report on Wednesday, April 22nd. Citigroup raised their price target on shares of Acadia Realty Trust from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, ValuEngine raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.17.

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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