Acadia Realty Trust (NYSE:AKR) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Acadia Realty Trust (NYSE:AKR) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,100 shares of the real estate investment trust’s stock after selling 700 shares during the period. Strs Ohio’s holdings in Acadia Realty Trust were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Acadia Realty Trust by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 15,562,072 shares of the real estate investment trust’s stock valued at $223,316,000 after purchasing an additional 118,807 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Acadia Realty Trust by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,627,993 shares of the real estate investment trust’s stock worth $23,362,000 after acquiring an additional 67,141 shares during the last quarter. Swiss National Bank increased its holdings in shares of Acadia Realty Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 209,300 shares of the real estate investment trust’s stock valued at $3,003,000 after acquiring an additional 2,100 shares during the period. Tudor Investment Corp Et Al acquired a new stake in Acadia Realty Trust during the 3rd quarter worth $2,984,000. Finally, GSA Capital Partners LLP purchased a new position in Acadia Realty Trust during the 3rd quarter worth $2,297,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $17.61 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $16.73 and a 200 day moving average price of $16.23. Acadia Realty Trust has a 52 week low of $12.37 and a 52 week high of $17.73. The company has a market cap of $1.81 billion, a P/E ratio of 92.66, a PEG ratio of 11.56 and a beta of 1.44.

Acadia Realty Trust Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, March 27th. Acadia Realty Trust’s dividend payout ratio is presently 378.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Truist Financial downgraded shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research note on Tuesday, January 16th. Jefferies Financial Group raised Acadia Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $20.00 in a research report on Tuesday, January 2nd. Finally, Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $20.00 in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.