New York State Teachers Retirement System Sells 1,100 Shares of Acadia Realty Trust (NYSE:AKR)

New York State Teachers Retirement System lowered its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 167,011 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. New York State Teachers Retirement System owned about 0.18% of Acadia Realty Trust worth $2,838,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Acadia Realty Trust during the first quarter valued at about $45,000. Federated Hermes Inc. lifted its position in Acadia Realty Trust by 189.9% in the third quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,152 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Acadia Realty Trust in the first quarter valued at approximately $75,000. State of Wyoming bought a new position in shares of Acadia Realty Trust in the second quarter worth approximately $59,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Acadia Realty Trust by 128.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,088 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 2,295 shares during the period. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Analysts Set New Price Targets

AKR has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $20.00 in a research report on Tuesday, January 2nd. Truist Financial lowered Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Tuesday, January 16th. Finally, Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $20.00 in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.50.

Acadia Realty Trust Trading Up 0.8 %

NYSE AKR opened at $17.23 on Tuesday. The stock’s 50 day moving average is $16.67 and its 200 day moving average is $16.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.77 billion, a PE ratio of 90.69, a P/E/G ratio of 11.54 and a beta of 1.44. Acadia Realty Trust has a twelve month low of $12.37 and a twelve month high of $17.73.

Acadia Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, March 27th. Acadia Realty Trust’s payout ratio is currently 378.97%.

Acadia Realty Trust Company Profile

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.