Macquarie Group Ltd. cut its stake in shares of Acadia Realty Trust (NYSE:AKR) by 41.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the real estate investment trust’s stock after selling 11,500 shares during the quarter. Macquarie Group Ltd.’s holdings in Acadia Realty Trust were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. Nationwide Fund Advisors lifted its position in Acadia Realty Trust by 0.4% during the second quarter. Nationwide Fund Advisors now owns 52,380 shares of the real estate investment trust’s stock valued at $1,456,000 after purchasing an additional 214 shares during the last quarter. GAM Holding AG lifted its position in Acadia Realty Trust by 5.5% during the second quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 356 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Acadia Realty Trust by 6.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 472 shares during the last quarter. Amalgamated Bank lifted its position in Acadia Realty Trust by 6.7% during the second quarter. Amalgamated Bank now owns 11,496 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 718 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Acadia Realty Trust by 4.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,047 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 846 shares during the last quarter.
Several brokerages have issued reports on AKR. Boenning Scattergood reiterated a “buy” rating and set a $35.00 target price on shares of Acadia Realty Trust in a research report on Monday, November 6th. Zacks Investment Research lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, KeyCorp lowered shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $33.50.
Shares of Acadia Realty Trust (NYSE AKR) opened at $27.66 on Friday. The firm has a market cap of $2,327.02, a P/E ratio of 18.17, a PEG ratio of 1.89 and a beta of 0.61. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.48. Acadia Realty Trust has a 1-year low of $26.70 and a 1-year high of $33.45.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. research analysts predict that Acadia Realty Trust will post 1.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.90%. This is a positive change 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 payout ratio is presently 146.48%.
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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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