Strs Ohio cut its stake in shares of Acadia Realty Trust (NYSE:AKR) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,679 shares of the real estate investment trust’s stock after selling 6,490 shares during the period. Strs Ohio owned about 0.17% of Acadia Realty Trust worth $3,768,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Acadia Realty Trust by 172.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,531 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 13,630 shares during the period. Sei Investments Co. grew its holdings in Acadia Realty Trust by 35,882.0% during the 2nd quarter. Sei Investments Co. now owns 240,000 shares of the real estate investment trust’s stock worth $6,568,000 after acquiring an additional 239,333 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Acadia Realty Trust during the 2nd quarter worth approximately $472,000. State of Wisconsin Investment Board grew its holdings in Acadia Realty Trust by 29.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 320,000 shares of the real estate investment trust’s stock worth $8,758,000 after acquiring an additional 72,000 shares in the last quarter. Finally, Price Capital Management Inc. acquired a new position in shares of Acadia Realty Trust in the 2nd quarter valued at $693,000.

In other news, Director Wendy W. Luscombe sold 2,204 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $28.12, for a total transaction of $61,976.48. Following the completion of the sale, the director now owns 40,198 shares of the company’s stock, valued at $1,130,367.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Hartmann sold 2,203 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $28.51, for a total transaction of $62,807.53. Following the sale, the insider now directly owns 444 shares of the company’s stock, valued at approximately $12,658.44. The disclosure for this sale can be found here. Insiders sold 9,606 shares of company stock worth $273,014 in the last 90 days. 2.15% of the stock is currently owned by insiders.

AKR has been the subject of several research analyst reports. ValuEngine upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, June 18th. Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, Citigroup upped their price objective on shares of Acadia Realty Trust from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Acadia Realty Trust presently has an average rating of “Hold” and a consensus price target of $31.00.

NYSE AKR traded down $0.48 during trading hours on Friday, reaching $28.19. The company’s stock had a trading volume of 350,669 shares, compared to its average volume of 414,995. Acadia Realty Trust has a fifty-two week low of $21.34 and a fifty-two week high of $30.63. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.38 and a beta of 0.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.69.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.24). Acadia Realty Trust had a return on equity of 2.25% and a net margin of 19.11%. The firm had revenue of $63.60 million for the quarter, compared to analyst estimates of $48.00 million. During the same period in the prior year, the business earned $0.37 earnings per share. Acadia Realty Trust’s revenue for the quarter was up 6.9% on a year-over-year basis. research analysts expect that Acadia Realty Trust will post 1.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.08 annualized dividend and a yield of 3.83%. Acadia Realty Trust’s payout ratio is 71.52%.

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 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

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

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