Schwab Charles Investment Management Inc. Has $26.47 Million Stake in Acadia Realty Trust (AKR)

Schwab Charles Investment Management Inc. grew its position in Acadia Realty Trust (NYSE:AKR) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 924,941 shares of the real estate investment trust’s stock after buying an additional 64,702 shares during the quarter. Schwab Charles Investment Management Inc. owned 1.10% of Acadia Realty Trust worth $26,472,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AKR. Riverhead Capital Management LLC raised its position in shares of Acadia Realty Trust by 135.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 3,116 shares in the last quarter. Royal Bank of Canada raised its position in shares of Acadia Realty Trust by 72.2% in the 2nd quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 2,775 shares in the last quarter. GAM Holding AG raised its position in shares of Acadia Realty Trust by 5.5% in the 2nd quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 356 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Acadia Realty Trust by 6.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 472 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Acadia Realty Trust by 14.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 1,000 shares in the last quarter.

Acadia Realty Trust (NYSE:AKR) opened at $27.28 on Wednesday. The stock has a market cap of $2,270.10, a P/E ratio of 17.73, a P/E/G ratio of 1.85 and a beta of 0.61. Acadia Realty Trust has a 12-month low of $26.70 and a 12-month high of $33.83. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. analysts anticipate that Acadia Realty Trust will post 1.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.96%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 146.48%.

A number of research firms recently issued reports on AKR. Boenning Scattergood set a $35.00 price objective on shares of Acadia Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, December 6th. KeyCorp cut shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.50.

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Acadia Realty Trust 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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Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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