New York State Teachers Retirement System Cuts Stock Holdings in Acadia Realty Trust (NYSE:AKR)

New York State Teachers Retirement System trimmed its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,011 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. New York State Teachers Retirement System’s holdings in Acadia Realty Trust were worth $2,838,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. American International Group Inc. increased its holdings in shares of Acadia Realty Trust by 1.4% in the 2nd quarter. American International Group Inc. now owns 50,603 shares of the real estate investment trust’s stock valued at $790,000 after acquiring an additional 721 shares during the period. Sei Investments Co. raised its holdings in Acadia Realty Trust by 7.2% in the first quarter. Sei Investments Co. now owns 11,526 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Acadia Realty Trust by 1.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,003 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 781 shares during the last quarter. LPL Financial LLC grew its position in shares of Acadia Realty Trust by 6.0% in the 3rd quarter. LPL Financial LLC now owns 13,882 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 782 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Acadia Realty Trust by 11.9% during the second quarter. Ameritas Investment Partners Inc. now owns 7,723 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 823 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Performance

AKR opened at $17.23 on Tuesday. Acadia Realty Trust has a 12-month low of $12.37 and a 12-month high of $17.73. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.77 billion, a PE ratio of 90.69, a P/E/G ratio of 11.54 and a beta of 1.44. The firm has a 50 day moving average of $16.67 and a two-hundred day moving average of $16.00.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Wednesday, March 27th. Acadia Realty Trust’s dividend payout ratio is currently 378.97%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AKR shares. Jefferies Financial Group raised Acadia Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $20.00 in a research report on Tuesday, January 2nd. Truist Financial lowered Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research report on Tuesday, January 16th. Finally, Bank of America raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.