State Street Corp boosted its position in shares of Acadia Realty Trust (NYSE:AKR) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,152,708 shares of the real estate investment trust’s stock after buying an additional 216,710 shares during the period. State Street Corp owned about 3.72% of Acadia Realty Trust worth $94,765,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Acadia Realty Trust by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,251,912 shares of the real estate investment trust’s stock worth $398,353,000 after buying an additional 455,193 shares in the last quarter. BlackRock Inc. increased its position in shares of Acadia Realty Trust by 9,971.2% in the first quarter. BlackRock Inc. now owns 12,171,692 shares of the real estate investment trust’s stock worth $365,879,000 after buying an additional 12,050,835 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Acadia Realty Trust by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 1,246,966 shares of the real estate investment trust’s stock worth $37,485,000 after buying an additional 98,174 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Acadia Realty Trust by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,112,019 shares of the real estate investment trust’s stock worth $33,427,000 after buying an additional 106,366 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Acadia Realty Trust by 13.5% in the first quarter. Geode Capital Management LLC now owns 837,113 shares of the real estate investment trust’s stock worth $25,163,000 after buying an additional 99,395 shares in the last quarter.

Shares of Acadia Realty Trust (AKR) traded down 0.60% during mid-day trading on Tuesday, reaching $29.70. The company’s stock had a trading volume of 288,937 shares. The company’s 50-day moving average is $28.39 and its 200-day moving average is $29.71. Acadia Realty Trust has a 52 week low of $26.70 and a 52 week high of $37.54. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 45.98 and a beta of 0.59.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.29. The business had revenue of $59.50 million for the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. Equities analysts predict that Acadia Realty Trust will post $0.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Wednesday, June 28th. Acadia Realty Trust’s dividend payout ratio is presently 162.50%.

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Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 28th. Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. KeyCorp dropped their target price on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 28th. Finally, BMO Capital Markets restated a “buy” rating and set a $36.00 target price on shares of Acadia Realty Trust in a research note on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.60.

About Acadia Realty Trust

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.

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

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