Strs Ohio Trims Holdings in Acadia Realty Trust (NYSE:AKR)

Strs Ohio lowered its stake in Acadia Realty Trust (NYSE:AKR) by 3.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,100 shares of the real estate investment trust’s stock after selling 700 shares during the period. Strs Ohio’s holdings in Acadia Realty Trust were worth $324,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AKR. Vanguard Group Inc. lifted its holdings in Acadia Realty Trust by 0.8% in the third quarter. Vanguard Group Inc. now owns 15,562,072 shares of the real estate investment trust’s stock worth $223,316,000 after acquiring an additional 118,807 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Acadia Realty Trust by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,627,993 shares of the real estate investment trust’s stock worth $23,362,000 after purchasing an additional 67,141 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Acadia Realty Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 209,300 shares of the real estate investment trust’s stock worth $3,003,000 after purchasing an additional 2,100 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in Acadia Realty Trust during the 3rd quarter valued at approximately $2,984,000. Finally, GSA Capital Partners LLP bought a new position in Acadia Realty Trust during the 3rd quarter worth $2,297,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

Shares of AKR opened at $17.61 on Tuesday. Acadia Realty Trust has a one year low of $12.37 and a one year high of $17.73. The stock’s fifty day moving average is $16.73 and its 200-day moving average is $16.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 92.66, a price-to-earnings-growth ratio of 11.56 and a beta of 1.44.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.72 annualized dividend and a yield of 4.09%. Acadia Realty Trust’s payout ratio is 378.97%.

Analyst Ratings Changes

AKR has been the topic of a number of recent research reports. Truist Financial cut Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research note on Tuesday, January 16th. Jefferies Financial Group raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $20.00 in a research note on Tuesday, January 2nd. Finally, Bank of America upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $20.00 in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Hold” and an average price target of $18.50.

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 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.