Price T Rowe Associates Inc. MD Grows Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Price T Rowe Associates Inc. MD raised its position in shares of Acadia Realty Trust (NYSE:AKR – Get Rating) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,646,525 shares of the real estate investment trust’s stock after purchasing an additional 10,917 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.06% of Acadia Realty Trust worth $71,261,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC purchased a new stake in Acadia Realty Trust during the third quarter valued at about $30,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Acadia Realty Trust by 56.1% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,146 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 771 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Acadia Realty Trust during the first quarter valued at about $45,000. Point72 Hong Kong Ltd bought a new position in shares of Acadia Realty Trust during the first quarter valued at about $75,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Acadia Realty Trust by 39.7% during the third quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 3,308 shares during the last quarter.

Wall Street Analyst Weigh In

AKR has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Acadia Realty Trust from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 6th. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 19th. Finally, Citigroup cut Acadia Realty Trust from a “buy” rating to a “neutral” rating and cut their target price for the stock from $17.00 to $16.00 in a research note on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Hold” and an average price target of $18.17.

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock opened at $13.22 on Tuesday. The stock’s 50 day simple moving average is $14.84 and its two-hundred day simple moving average is $14.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -33.90, a PEG ratio of 1.60 and a beta of 1.47. Acadia Realty Trust has a fifty-two week low of $12.28 and a fifty-two week high of $22.63.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.72 annualized dividend and a yield of 5.45%. Acadia Realty Trust’s payout ratio is -184.62%.

About Acadia Realty Trust

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Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate.