Trillium Asset Management LLC raised its holdings in Acadia Realty Trust (NYSE:AKR) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,588 shares of the real estate investment trust’s stock after acquiring an additional 4,185 shares during the period. Trillium Asset Management LLC’s holdings in Acadia Realty Trust were worth $2,361,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Everence Capital Management Inc. acquired a new stake in shares of Acadia Realty Trust during the first quarter valued at about $256,000. Honeywell International Inc. boosted its stake in shares of Acadia Realty Trust by 30.5% during the first quarter. Honeywell International Inc. now owns 67,970 shares of the real estate investment trust’s stock valued at $1,854,000 after purchasing an additional 15,900 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Acadia Realty Trust by 3.8% during the first quarter. Texas Permanent School Fund now owns 55,373 shares of the real estate investment trust’s stock valued at $1,510,000 after purchasing an additional 2,006 shares in the last quarter. Comerica Bank boosted its stake in shares of Acadia Realty Trust by 3.0% during the first quarter. Comerica Bank now owns 82,918 shares of the real estate investment trust’s stock valued at $2,315,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Pearl River Capital LLC boosted its stake in shares of Acadia Realty Trust by 3,138.0% during the first quarter. Pearl River Capital LLC now owns 6,476 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 6,276 shares in the last quarter.
Shares of Acadia Realty Trust stock traded down $0.15 during midday trading on Friday, reaching $28.49. The company had a trading volume of 61,202 shares, compared to its average volume of 536,986. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $2.36 billion, a P/E ratio of 21.10, a P/E/G ratio of 3.41 and a beta of 0.73. Acadia Realty Trust has a fifty-two week low of $23.11 and a fifty-two week high of $29.82.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, June 27th. Acadia Realty Trust’s dividend payout ratio is currently 82.96%.
A number of analysts have recently commented on the company. Zacks Investment Research raised Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday. ValuEngine raised Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday.
In related news, EVP Christopher Conlon sold 5,000 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $27.91, for a total value of $139,550.00. Following the transaction, the executive vice president now directly owns 15,000 shares of the company’s stock, valued at $418,650. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jason Blacksberg sold 4,000 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $28.50, for a total value of $114,000.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at $114,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,574 shares of company stock worth $665,356. 2.47% of the stock is owned by insiders.
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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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