Acadia Realty Trust (NYSE:AKR) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Acadia Realty Trust (NYSE:AKR) by 13.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 124,103 shares of the real estate investment trust’s stock after buying an additional 15,092 shares during the period. State of Alaska Department of Revenue’s holdings in Acadia Realty Trust were worth $2,996,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its position in shares of Acadia Realty Trust by 290.3% in the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock valued at $224,910,000 after purchasing an additional 7,124,403 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Acadia Realty Trust by 381.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust’s stock valued at $15,422,000 after purchasing an additional 520,319 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Acadia Realty Trust by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock worth $45,331,000 after buying an additional 83,180 shares during the last quarter. Barclays PLC lifted its stake in shares of Acadia Realty Trust by 11.8% during the third quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock worth $18,240,000 after buying an additional 81,853 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Acadia Realty Trust by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock valued at $62,033,000 after buying an additional 63,672 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Truist Financial raised their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.00.

Acadia Realty Trust Trading Up 0.6 %

NYSE AKR opened at $23.46 on Monday. Acadia Realty Trust has a 1 year low of $16.09 and a 1 year high of $26.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $2.81 billion, a PE ratio of 260.71, a P/E/G ratio of 6.24 and a beta of 1.46. The company has a fifty day moving average of $23.77 and a 200 day moving average of $23.40.

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 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.