Acadia Realty Trust (AKR) Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Acadia Realty Trust (NYSE:AKR) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,235,503 shares of the real estate investment trust’s stock after purchasing an additional 39,392 shares during the quarter. Dimensional Fund Advisors LP owned 1.48% of Acadia Realty Trust worth $35,360,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AKR. Schwab Charles Investment Management Inc. grew its stake in shares of Acadia Realty Trust by 10.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 860,239 shares of the real estate investment trust’s stock worth $23,915,000 after purchasing an additional 82,647 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Acadia Realty Trust by 73.8% in the second quarter. First Trust Advisors LP now owns 48,660 shares of the real estate investment trust’s stock worth $1,353,000 after purchasing an additional 20,656 shares in the last quarter. Swiss National Bank grew its stake in shares of Acadia Realty Trust by 6.3% in the second quarter. Swiss National Bank now owns 141,100 shares of the real estate investment trust’s stock worth $3,923,000 after purchasing an additional 8,300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Acadia Realty Trust by 11.4% in the second quarter. JPMorgan Chase & Co. now owns 325,544 shares of the real estate investment trust’s stock worth $9,049,000 after purchasing an additional 33,321 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Acadia Realty Trust by 2.9% in the second quarter. Wells Fargo & Company MN now owns 135,457 shares of the real estate investment trust’s stock worth $3,765,000 after purchasing an additional 3,872 shares in the last quarter.

AKR has been the subject of several recent analyst reports. Boenning Scattergood reissued a “buy” rating and issued a $35.00 price target on shares of Acadia Realty Trust in a research note on Monday, November 6th. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, KeyCorp cut Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.50.

Acadia Realty Trust (NYSE AKR) opened at $25.39 on Friday. Acadia Realty Trust has a 52 week low of $25.35 and a 52 week high of $32.89. The firm has a market capitalization of $2,130.00, a PE ratio of 35.26, a P/E/G ratio of 1.98 and a beta of 0.61. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $55.94 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. equities analysts forecast that Acadia Realty Trust will post 1.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.08 annualized dividend and a yield of 4.25%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 150.00%.

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Acadia Realty Trust Company Profile

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.

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Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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