Parametric Portfolio Associates LLC lifted its stake in shares of Acadia Realty Trust (NYSE:AKR) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 164,145 shares of the real estate investment trust’s stock after purchasing an additional 40,769 shares during the quarter. Parametric Portfolio Associates LLC owned 0.20% of Acadia Realty Trust worth $4,563,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AKR. Bank of America Corp DE boosted its holdings in shares of Acadia Realty Trust by 10.3% in the 1st quarter. Bank of America Corp DE now owns 598,036 shares of the real estate investment trust’s stock worth $17,978,000 after purchasing an additional 56,015 shares in the last quarter. Westpac Banking Corp raised its position in shares of Acadia Realty Trust by 36.1% in the 2nd quarter. Westpac Banking Corp now owns 453,919 shares of the real estate investment trust’s stock worth $12,619,000 after acquiring an additional 120,472 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Acadia Realty Trust by 7.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 129,661 shares of the real estate investment trust’s stock worth $3,618,000 after acquiring an additional 9,250 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Acadia Realty Trust by 86.8% in the 2nd quarter. Lazard Asset Management LLC now owns 20,446 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 9,500 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Acadia Realty Trust by 14.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 52,862 shares of the real estate investment trust’s stock worth $1,470,000 after acquiring an additional 6,680 shares in the last quarter.
A number of research firms recently weighed in on AKR. Zacks Investment Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 28th. Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.50.
Acadia Realty Trust (NYSE:AKR) traded down $0.03 during mid-day trading on Friday, hitting $29.23. The stock had a trading volume of 509,500 shares, compared to its average volume of 516,611. The stock has a market cap of $2,449.23, a P/E ratio of 19.12, a P/E/G ratio of 1.79 and a beta of 0.62. Acadia Realty Trust has a 52-week low of $26.70 and a 52-week high of $34.30. The company has a current ratio of 0.48, a quick ratio of 0.58 and a debt-to-equity ratio of 0.48.
Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results 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 firm had revenue of $51.70 million for the quarter, compared to the consensus estimate of $55.94 million. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. sell-side analysts expect that Acadia Realty Trust will post 1.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.27 dividend. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 146.48%.
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About Acadia Realty Trust
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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