Russell Investments Group Ltd. Sells 1,800 Shares of Acadia Realty Trust (NYSE:AKR)

Russell Investments Group Ltd. decreased its holdings in Acadia Realty Trust (NYSE:AKR) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,918 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Russell Investments Group Ltd.’s holdings in Acadia Realty Trust were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Profund Advisors LLC grew its stake in Acadia Realty Trust by 3.3% in the 2nd quarter. Profund Advisors LLC now owns 13,119 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 415 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Acadia Realty Trust by 11.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,444 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 461 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Acadia Realty Trust by 2.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,390 shares of the real estate investment trust’s stock worth $668,000 after purchasing an additional 480 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Acadia Realty Trust by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,185 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 600 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Acadia Realty Trust by 1.9% in the second quarter. AQR Capital Management LLC now owns 34,867 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 653 shares in the last quarter.

Several equities research analysts have weighed in on AKR shares. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Compass Point began coverage on Acadia Realty Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $30.00 price target on the stock.

Shares of Acadia Realty Trust stock opened at $26.36 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.64 and a beta of 0.63. The firm’s 50-day moving average is $27.77 and its two-hundred day moving average is $27.93. Acadia Realty Trust has a 1 year low of $23.11 and a 1 year high of $29.82.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.21). Acadia Realty Trust had a net margin of 13.42% and a return on equity of 1.82%. The business had revenue of $72.19 million during the quarter, compared to the consensus estimate of $61.66 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. On average, equities analysts expect that Acadia Realty Trust will post 1.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.40%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 82.96%.

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

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