Raymond James & Associates Takes Position in Acadia Realty Trust (AKR)

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Raymond James & Associates purchased a new stake in shares of Acadia Realty Trust (NYSE:AKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,153 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Acadia Realty Trust during the third quarter valued at $3,397,000. Oregon Public Employees Retirement Fund bought a new position in Acadia Realty Trust during the fourth quarter worth $31,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Acadia Realty Trust by 8.4% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,192 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Acadia Realty Trust by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 1,287,426 shares of the real estate investment trust’s stock worth $36,086,000 after buying an additional 9,092 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Acadia Realty Trust by 3.0% during the third quarter. Teachers Advisors LLC now owns 158,168 shares of the real estate investment trust’s stock worth $4,433,000 after buying an additional 4,620 shares during the last quarter.

Shares of NYSE AKR opened at $27.34 on Wednesday. Acadia Realty Trust has a twelve month low of $22.27 and a twelve month high of $29.82. The firm has a market cap of $2.31 billion, a P/E ratio of 20.56, a PEG ratio of 3.34 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.74.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.27). The firm had revenue of $69.45 million for the quarter, compared to the consensus estimate of $53.28 million. Acadia Realty Trust had a return on equity of 1.48% and a net margin of 11.95%. Acadia Realty Trust’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. On average, research analysts predict that Acadia Realty Trust will post 1.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, March 28th. Acadia Realty Trust’s payout ratio is 82.96%.

AKR has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. ValuEngine downgraded shares of Acadia Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.33.

In other Acadia Realty Trust news, insider Christopher Conlon sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.06, for a total value of $280,600.00. Following the completion of the sale, the insider now directly owns 15,000 shares in the company, valued at $420,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason Blacksberg sold 2,096 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $29.50, for a total transaction of $61,832.00. The disclosure for this sale can be found here. Insiders sold 17,096 shares of company stock valued at $481,982 over the last 90 days. Corporate insiders own 2.47% of the company’s stock.

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About Acadia Realty Trust

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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