Acadia Realty Trust (NYSE:AKR) Stock Position Raised by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its holdings in Acadia Realty Trust (NYSE:AKR) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,571 shares of the real estate investment trust’s stock after buying an additional 3,277 shares during the period. New York State Teachers Retirement System owned about 0.14% of Acadia Realty Trust worth $4,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC raised its holdings in shares of Acadia Realty Trust by 290.3% during the third quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock worth $224,910,000 after acquiring an additional 7,124,403 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Acadia Realty Trust by 381.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust’s stock valued at $15,422,000 after purchasing an additional 520,319 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Acadia Realty Trust by 89.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 217,401 shares of the real estate investment trust’s stock valued at $5,252,000 after purchasing an additional 102,496 shares during the last quarter. Advisors Preferred LLC grew its position in shares of Acadia Realty Trust by 58.3% in the fourth quarter. Advisors Preferred LLC now owns 272,590 shares of the real estate investment trust’s stock valued at $6,515,000 after purchasing an additional 100,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Acadia Realty Trust by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock worth $45,331,000 after buying an additional 83,180 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AKR shares. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Acadia Realty Trust has an average rating of “Hold” and an average target price of $23.00.

Acadia Realty Trust Stock Performance

AKR stock opened at $22.95 on Friday. The company has a 50 day moving average price of $23.48 and a 200 day moving average price of $23.54. The stock has a market capitalization of $2.75 billion, a PE ratio of 127.48, a price-to-earnings-growth ratio of 6.31 and a beta of 1.46. Acadia Realty Trust has a fifty-two week low of $16.09 and a fifty-two week high of $26.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 1.14.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. Analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 3.49%. Acadia Realty Trust’s dividend payout ratio is presently 422.22%.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio 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 corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.