Axa trimmed its position in shares of Acadia Realty Trust (NYSE:AKR) by 32.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,607 shares of the real estate investment trust’s stock after selling 71,871 shares during the period. Axa owned 0.18% of Acadia Realty Trust worth $4,242,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AKR. BlackRock Inc. lifted its stake in shares of Acadia Realty Trust by 9,971.2% in the 1st quarter. BlackRock Inc. now owns 12,171,692 shares of the real estate investment trust’s stock worth $365,879,000 after acquiring an additional 12,050,835 shares during the period. Vanguard Group Inc. lifted its stake in shares of Acadia Realty Trust by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 13,251,912 shares of the real estate investment trust’s stock worth $398,353,000 after acquiring an additional 455,193 shares during the period. State Street Corp lifted its stake in shares of Acadia Realty Trust by 7.4% in the 1st quarter. State Street Corp now owns 3,152,708 shares of the real estate investment trust’s stock worth $94,765,000 after acquiring an additional 216,710 shares during the period. State of Wisconsin Investment Board acquired a new stake in shares of Acadia Realty Trust in the 2nd quarter worth approximately $5,115,000. Finally, Ranger Global Real Estate Advisors LLC acquired a new stake in shares of Acadia Realty Trust in the 1st quarter worth approximately $5,058,000.

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AKR has been the subject of a number of research analyst reports. Boenning Scattergood set a $35.00 price target on shares of Acadia Realty Trust and gave the stock a “buy” rating in a research note on Thursday, July 27th. KeyCorp reduced their price target on shares of Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, June 28th. BidaskClub raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $30.00 price target (down from $35.00) on shares of Acadia Realty Trust in a research note on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Acadia Realty Trust has a consensus rating of “Buy” and an average price target of $34.60.

Shares of Acadia Realty Trust (NYSE:AKR) opened at 30.14 on Monday. The company has a market capitalization of $2.52 billion, a P/E ratio of 46.66 and a beta of 0.59. The company has a 50 day moving average of $29.23 and a 200-day moving average of $29.11. Acadia Realty Trust has a 12-month low of $26.70 and a 12-month high of $37.54.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.29. The company had revenue of $59.50 million for the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. On average, equities analysts anticipate that Acadia Realty Trust will post $0.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 162.50%.

Acadia Realty Trust Company Profile

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.

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

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