State of Alaska Department of Revenue Has $2.06 Million Stock Position in Acadia Realty Trust (NYSE:AKR)

State of Alaska Department of Revenue grew its stake in shares of Acadia Realty Trust (NYSE:AKR) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,949 shares of the real estate investment trust’s stock after purchasing an additional 12,102 shares during the quarter. State of Alaska Department of Revenue owned about 0.09% of Acadia Realty Trust worth $2,055,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AKR. New York State Common Retirement Fund increased its position in shares of Acadia Realty Trust by 3.1% during the 1st quarter. New York State Common Retirement Fund now owns 111,543 shares of the real estate investment trust’s stock worth $3,042,000 after purchasing an additional 3,332 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Acadia Realty Trust by 6.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,095,954 shares of the real estate investment trust’s stock worth $29,886,000 after purchasing an additional 68,983 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Acadia Realty Trust by 29.7% during the 1st quarter. State of Wisconsin Investment Board now owns 414,900 shares of the real estate investment trust’s stock worth $11,314,000 after purchasing an additional 94,900 shares during the last quarter. Westpac Banking Corp increased its position in shares of Acadia Realty Trust by 4.5% during the 1st quarter. Westpac Banking Corp now owns 291,801 shares of the real estate investment trust’s stock worth $7,957,000 after purchasing an additional 12,500 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Acadia Realty Trust by 53.0% during the 1st quarter. First Trust Advisors LP now owns 75,406 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 26,111 shares during the last quarter.

Several research analysts have weighed in on AKR shares. ValuEngine lowered Acadia Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Compass Point assumed coverage on Acadia Realty Trust in a research report on Thursday, August 15th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Zacks Investment Research raised Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, September 24th.

In related news, CFO John J. Gottfried sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $27.78, for a total value of $833,400.00. Following the completion of the sale, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $833,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.47% of the company’s stock.

Shares of AKR stock traded up $0.03 during trading on Wednesday, reaching $28.78. 13,389 shares of the company’s stock were exchanged, compared to its average volume of 447,755. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.43 billion, a PE ratio of 21.32, a PEG ratio of 3.63 and a beta of 0.69. Acadia Realty Trust has a twelve month low of $23.11 and a twelve month high of $29.82. The firm’s fifty day moving average price is $28.22 and its 200-day moving average price is $27.95.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $71.10 million for the quarter, compared to analyst estimates of $57.31 million. Acadia Realty Trust had a return on equity of 1.78% and a net margin of 13.32%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. As a group, analysts anticipate that Acadia Realty Trust will post 1.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.28 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.12 annualized dividend and a yield of 3.89%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 82.96%.

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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