Advisors Preferred LLC Increases Stake in Acadia Realty Trust (NYSE:AKR)

Advisors Preferred LLC grew its position in Acadia Realty Trust (NYSE:AKR) by 58.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,590 shares of the real estate investment trust’s stock after purchasing an additional 100,443 shares during the period. Acadia Realty Trust makes up approximately 1.0% of Advisors Preferred LLC’s holdings, making the stock its 21st largest holding. Advisors Preferred LLC owned approximately 0.23% of Acadia Realty Trust worth $6,515,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Acadia Realty Trust in the 3rd quarter valued at approximately $80,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Acadia Realty Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 1,039 shares during the period. KBC Group NV increased its stake in Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,448 shares during the last quarter. Algert Global LLC bought a new position in shares of Acadia Realty Trust in the 2nd quarter worth about $186,000. Finally, Custom Index Systems LLC acquired a new position in shares of Acadia Realty Trust in the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 0.6 %

NYSE:AKR opened at $23.46 on Friday. The stock has a fifty day simple moving average of $23.77 and a 200 day simple moving average of $23.36. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 260.71, a price-to-earnings-growth ratio of 6.24 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a 1-year low of $16.09 and a 1-year high of $26.29.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Truist Financial boosted their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. One 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.00.

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.