SG Americas Securities LLC boosted its position in shares of Acadia Realty Trust (NYSE:AKR) by 226.9% during the third quarter, Holdings Channel reports. The institutional investor owned 18,785 shares of the real estate investment trust’s stock after buying an additional 13,038 shares during the period. SG Americas Securities LLC’s holdings in Acadia Realty Trust were worth $681,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of Acadia Realty Trust by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 23,300 shares of the real estate investment trust’s stock worth $828,000 after buying an additional 200 shares in the last quarter. Shinko Asset Management Co. Ltd. raised its stake in shares of Acadia Realty Trust by 17.9% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,101,776 shares of the real estate investment trust’s stock worth $39,135,000 after buying an additional 167,617 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Acadia Realty Trust by 1.6% in the second quarter. New York State Teachers Retirement System now owns 183,501 shares of the real estate investment trust’s stock worth $6,518,000 after buying an additional 2,900 shares in the last quarter. Adams Diversified Equity Fund Inc. purchased a new stake in shares of Acadia Realty Trust during the second quarter worth approximately $451,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of Acadia Realty Trust by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 31,700 shares of the real estate investment trust’s stock worth $1,126,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

Shares of Acadia Realty Trust (NYSE:AKR) traded down 0.53% on Friday, hitting $32.03. The stock had a trading volume of 243,566 shares. Acadia Realty Trust has a one year low of $30.25 and a one year high of $38.01. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 38.27 and a beta of 0.61. The firm’s 50-day moving average is $32.77 and its 200-day moving average is $34.83.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Acadia Realty Trust had a return on equity of 3.56% and a net margin of 29.38%. The company earned $51.10 million during the quarter, compared to the consensus estimate of $41.70 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was down 13.1% compared to the same quarter last year. On average, analysts expect that Acadia Realty Trust will post $0.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.25%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.25. Acadia Realty Trust’s dividend payout ratio is currently 122.35%.

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Several equities research analysts have commented on the company. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 14th. BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Acadia Realty Trust in a research report on Thursday. Finally, Citigroup Inc. lowered Acadia Realty Trust from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Tuesday, December 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Acadia Realty Trust currently has an average rating of “Hold” and a consensus price target of $37.25.

About Acadia Realty Trust

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.

5 Day Chart for NYSE:AKR

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