Mitsubishi UFJ Trust & Banking Corp Grows Position in Acadia Realty Trust (NYSE:AKR)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Acadia Realty Trust (NYSE:AKRGet Rating) by 56.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,146 shares of the real estate investment trust’s stock after buying an additional 771 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Acadia Realty Trust were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. abrdn plc raised its position in Acadia Realty Trust by 3.2% in the 1st quarter. abrdn plc now owns 19,271 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 606 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Acadia Realty Trust by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 12,745 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 660 shares during the period. Van ECK Associates Corp grew its stake in Acadia Realty Trust by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,449 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 671 shares during the period. Sei Investments Co. grew its stake in Acadia Realty Trust by 7.2% in the 1st quarter. Sei Investments Co. now owns 11,526 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 771 shares during the period. Finally, Swiss National Bank grew its stake in Acadia Realty Trust by 0.6% in the 2nd quarter. Swiss National Bank now owns 210,400 shares of the real estate investment trust’s stock valued at $3,286,000 after purchasing an additional 1,200 shares during the period.

Acadia Realty Trust Stock Up 0.5 %

Shares of NYSE AKR opened at $15.07 on Friday. Acadia Realty Trust has a 52 week low of $12.28 and a 52 week high of $22.64. The business has a 50-day simple moving average of $13.85 and a two-hundred day simple moving average of $15.98. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.43 billion, a P/E ratio of -37.67, a P/E/G ratio of 1.96 and a beta of 1.41.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 29th. This represents a $0.72 annualized dividend and a yield of 4.78%. Acadia Realty Trust’s dividend payout ratio is currently -180.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, September 19th. Truist Financial cut their price target on Acadia Realty Trust from $22.00 to $17.00 in a research note on Thursday, October 20th. StockNews.com upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Finally, TheStreet downgraded Acadia Realty Trust from a “c” rating to a “d+” rating in a research note on Tuesday, November 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.83.

About Acadia Realty Trust

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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.

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

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