Public Employees Retirement Association of Colorado maintained its stake in shares of Acadia Realty Trust (NYSE:AKR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,536 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Public Employees Retirement Association of Colorado’s holdings in Acadia Realty Trust were worth $599,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in AKR. Daiwa Securities Group Inc. lifted its stake in Acadia Realty Trust by 42.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,741 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 2,000 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in Acadia Realty Trust in the 1st quarter worth $225,000. Dynamic Technology Lab Private Ltd purchased a new stake in Acadia Realty Trust in the 1st quarter worth $327,000. Jane Street Group LLC purchased a new stake in Acadia Realty Trust in the 1st quarter worth $344,000. Finally, Tudor Investment Corp ET AL lifted its stake in Acadia Realty Trust by 6.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 12,218 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 778 shares in the last quarter.
AKR has been the topic of a number of research reports. Boenning Scattergood set a $35.00 target price on shares of Acadia Realty Trust and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of Acadia Realty Trust in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $30.00 price target (down from $35.00) on shares of Acadia Realty Trust in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.60.
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Shares of Acadia Realty Trust (AKR) traded down 0.38% during trading on Tuesday, reaching $28.94. 435,677 shares of the company’s stock were exchanged. Acadia Realty Trust has a 12-month low of $26.70 and a 12-month high of $37.54. The stock has a market cap of $2.42 billion, a P/E ratio of 44.80 and a beta of 0.59. The company has a 50 day moving average of $29.10 and a 200 day moving average of $29.21.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.29. The firm had revenue of $59.50 million during the quarter, compared to analysts’ expectations of $53.72 million. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities research analysts anticipate that Acadia Realty Trust will post $0.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 162.50%.
Acadia Realty Trust Company Profile
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.
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