KBC Group NV Increases Stake in Acadia Realty Trust (NYSE:AKR)

KBC Group NV increased its holdings in Acadia Realty Trust (NYSE:AKR) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,733 shares of the real estate investment trust’s stock after acquiring an additional 1,448 shares during the quarter. KBC Group NV’s holdings in Acadia Realty Trust were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Acadia Realty Trust by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,697 shares of the real estate investment trust’s stock valued at $944,000 after purchasing an additional 4,810 shares in the last quarter. Algert Global LLC purchased a new position in Acadia Realty Trust during the second quarter valued at approximately $186,000. SG Americas Securities LLC raised its stake in Acadia Realty Trust by 422.8% in the third quarter. SG Americas Securities LLC now owns 30,056 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 24,307 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Acadia Realty Trust by 46.8% during the third quarter. Handelsbanken Fonder AB now owns 32,932 shares of the real estate investment trust’s stock worth $773,000 after buying an additional 10,500 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of Acadia Realty Trust in the 3rd quarter valued at $80,000. 97.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Acadia Realty Trust Stock Up 0.6 %

Shares of AKR stock opened at $23.46 on Friday. The stock’s fifty day moving average price is $23.77 and its 200 day moving average price is $23.36. Acadia Realty Trust has a 1-year low of $16.09 and a 1-year high of $26.29. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 260.71, a price-to-earnings-growth ratio of 6.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14.

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.