47,700 Shares in Acadia Realty Trust (NYSE:AKR) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Acadia Realty Trust (NYSE:AKR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 47,700 shares of the real estate investment trust’s stock, valued at approximately $810,000. Louisiana State Employees Retirement System owned 0.05% of Acadia Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. grew its holdings in Acadia Realty Trust by 189.9% during the third quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,152 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Acadia Realty Trust by 128.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,088 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,295 shares during the period. Jump Financial LLC acquired a new position in Acadia Realty Trust during the third quarter valued at approximately $185,000. Natixis Advisors L.P. grew its holdings in Acadia Realty Trust by 5.0% during the third quarter. Natixis Advisors L.P. now owns 20,856 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 997 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Acadia Realty Trust by 3.8% during the third quarter. Daiwa Securities Group Inc. now owns 30,359 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 1,123 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Analyst Ratings Changes

AKR has been the subject of a number of analyst reports. Truist Financial cut shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a report on Tuesday, January 16th. Bank of America upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $20.00 in a report on Friday, April 5th. Finally, Jefferies Financial Group upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $15.00 to $20.00 in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Acadia Realty Trust Stock Down 0.4 %

Acadia Realty Trust stock opened at $17.32 on Friday. Acadia Realty Trust has a twelve month low of $12.37 and a twelve month high of $17.73. The company has a 50 day moving average of $16.72 and a 200-day moving average of $16.17. The stock has a market capitalization of $1.78 billion, a PE ratio of 91.13, a price-to-earnings-growth ratio of 11.77 and a beta of 1.44. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Wednesday, March 27th. Acadia Realty Trust’s payout ratio is 378.95%.

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 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.