Acadia Realty Trust (NYSE:AKR) saw strong trading volume on Tuesday . 2,155,950 shares were traded during mid-day trading, an increase of 410% from the previous session’s volume of 422,859 shares.The stock last traded at $36.21 and had previously closed at $36.27.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. BMO Capital Markets reissued a “buy” rating and issued a $40.00 price objective on shares of Acadia Realty Trust in a report on Wednesday, July 27th. Finally, Boenning Scattergood reissued an “outperform” rating and issued a $38.00 price objective on shares of Acadia Realty Trust in a report on Tuesday, June 28th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $39.75.

The stock has a market cap of $2.77 billion and a price-to-earnings ratio of 37.82. The firm’s 50-day moving average price is $36.19 and its 200 day moving average price is $34.52.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company earned $51.30 million during the quarter, compared to analysts’ expectations of $40.51 million. During the same period last year, the firm earned $0.48 earnings per share. Acadia Realty Trust’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Acadia Realty Trust will post $1.58 EPS for the current fiscal year.

In related news, insider Joel L. Braun sold 22,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $37.60, for a total transaction of $827,200.00. Following the completion of the transaction, the insider now directly owns 24,109 shares of the company’s stock, valued at approximately $906,498.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lee S. Wielansky sold 12,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $37.03, for a total value of $444,360.00. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Acadia Realty Trust by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 10,336,684 shares of the real estate investment trust’s stock valued at $342,661,000 after buying an additional 337,271 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Acadia Realty Trust by 1.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 475,746 shares of the real estate investment trust’s stock valued at $15,771,000 after buying an additional 5,000 shares during the last quarter. Principal Financial Group Inc. boosted its position in Acadia Realty Trust by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 463,826 shares of the real estate investment trust’s stock valued at $15,375,000 after buying an additional 20,607 shares during the last quarter. New York State Common Retirement Fund boosted its position in Acadia Realty Trust by 3.9% in the fourth quarter. New York State Common Retirement Fund now owns 87,815 shares of the real estate investment trust’s stock valued at $2,911,000 after buying an additional 3,296 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Acadia Realty Trust by 236.6% in the fourth quarter. First Trust Advisors LP now owns 84,701 shares of the real estate investment trust’s stock valued at $2,808,000 after buying an additional 59,534 shares during the last quarter.

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States. The Company’s segments include Core Portfolio, Funds and Structured Financing. The Company conducts its operations through Acadia Realty Limited Partnership.

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