Swiss National Bank Boosts Stock Position in Acadia Realty Trust (NYSE:AKR)

Swiss National Bank grew its stake in shares of Acadia Realty Trust (NYSE:AKR – Get Rating) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 229,200 shares of the real estate investment trust’s stock after acquiring an additional 4,200 shares during the period. Swiss National Bank owned 0.24% of Acadia Realty Trust worth $3,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AKR. Cohen & Steers Inc. increased its holdings in shares of Acadia Realty Trust by 13.2% in the third quarter. Cohen & Steers Inc. now owns 14,400,440 shares of the real estate investment trust’s stock worth $181,734,000 after purchasing an additional 1,681,327 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Acadia Realty Trust by 13.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,635,608 shares of the real estate investment trust’s stock worth $88,028,000 after purchasing an additional 673,006 shares during the period. State Street Corp increased its holdings in shares of Acadia Realty Trust by 12.3% in the first quarter. State Street Corp now owns 5,525,753 shares of the real estate investment trust’s stock worth $120,714,000 after purchasing an additional 606,843 shares during the period. Long Pond Capital LP bought a new position in shares of Acadia Realty Trust in the third quarter worth $5,768,000. Finally, Citadel Advisors LLC increased its stake in Acadia Realty Trust by 117.6% in the second quarter. Citadel Advisors LLC now owns 701,469 shares of the real estate investment trust’s stock valued at $10,957,000 after acquiring an additional 379,143 shares during the last quarter.

Acadia Realty Trust Stock Performance

NYSE AKR opened at $12.98 on Tuesday. The company has a 50-day simple moving average of $13.32 and a two-hundred day simple moving average of $14.25. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82. Acadia Realty Trust has a 12-month low of $12.28 and a 12-month high of $20.10. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -30.19, a PEG ratio of 1.54 and a beta of 1.47.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.72 annualized dividend and a yield of 5.55%. Acadia Realty Trust’s payout ratio is -167.44%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AKR shares. TheStreet raised Acadia Realty Trust from a “d+” rating to a “c-” rating in a research note on Thursday, April 20th. StockNews.com started coverage on Acadia Realty Trust in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Acadia Realty Trust currently has an average rating of “Hold” and a consensus price target of $18.17.

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.