Separately, Truist Financial reaffirmed a “buy” rating and set a $17.00 price objective on shares of Acadia Realty Trust in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.33.
Acadia Realty Trust Price Performance
Institutional Investors Weigh In On Acadia Realty Trust
Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in Acadia Realty Trust by 3,220.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,793 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,739 shares during the last quarter. CWM LLC grew its holdings in shares of Acadia Realty Trust by 46.3% in the second quarter. CWM LLC now owns 2,174 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 688 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Acadia Realty Trust in the first quarter worth approximately $45,000. State of Wyoming bought a new position in shares of Acadia Realty Trust in the second quarter worth approximately $59,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Acadia Realty Trust in the first quarter worth approximately $75,000.
Acadia Realty Trust Company Profile
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio 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 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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