WINTON GROUP Ltd Has $4.13 Million Stake in Acadia Realty Trust (AKR)
WINTON GROUP Ltd reduced its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 43.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 144,209 shares of the real estate investment trust’s stock after selling 109,072 shares during the period. WINTON GROUP Ltd owned about 0.17% of Acadia Realty Trust worth $4,127,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Riverhead Capital Management LLC increased its holdings in shares of Acadia Realty Trust by 135.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 3,116 shares during the period. Royal Bank of Canada increased its holdings in shares of Acadia Realty Trust by 72.2% in the 2nd quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 2,775 shares during the period. GAM Holding AG increased its holdings in shares of Acadia Realty Trust by 5.5% in the 2nd quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 356 shares during the period. Ameritas Investment Partners Inc. grew its stake in Acadia Realty Trust by 6.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 472 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Acadia Realty Trust by 14.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 1,000 shares during the last quarter.
Shares of Acadia Realty Trust (AKR) traded down $0.62 on Friday, reaching $28.03. The company’s stock had a trading volume of 653,900 shares, compared to its average volume of 518,085. Acadia Realty Trust has a 12 month low of $26.70 and a 12 month high of $34.30. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2,370.00, a PE ratio of 18.54, a P/E/G ratio of 1.89 and a beta of 0.62.
Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The company had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $55.94 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. equities research analysts predict that Acadia Realty Trust will post 1.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 3.85%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s payout ratio is currently 144.44%.
AKR has been the topic of several research analyst reports. Boenning Scattergood restated a “buy” rating and set a $35.00 target price on shares of Acadia Realty Trust in a research note on Monday, November 6th. Zacks Investment Research downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, KeyCorp downgraded Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $33.50.
Acadia Realty Trust 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.
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