Schwab Charles Investment Management Inc. boosted its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,239 shares of the real estate investment trust’s stock after buying an additional 82,647 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.03% of Acadia Realty Trust worth $23,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings 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 valued at $398,353,000 after purchasing an additional 455,193 shares during the period. BlackRock Inc. boosted its stake 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 during the last quarter. State Street Corp boosted its stake in shares of Acadia Realty Trust by 7.4% in the first quarter. State Street Corp now owns 3,152,708 shares of the real estate investment trust’s stock worth $94,765,000 after buying an additional 216,710 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 during the last quarter.

Shares of Acadia Realty Trust (NYSE AKR) opened at 30.14 on Monday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 46.66 and a beta of 0.59. The firm’s 50-day moving average price is $29.23 and its 200-day moving average price is $29.11. Acadia Realty Trust has a one year low of $26.70 and a one year high of $37.54.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.08 by $0.29. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business had revenue of $59.50 million for the quarter, compared to analysts’ expectations of $53.72 million. During the same quarter last year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities research analysts anticipate that Acadia Realty Trust will post $0.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.45%. Acadia Realty Trust’s dividend payout ratio is currently 162.50%.

AKR has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $36.00 price target on shares of Acadia Realty Trust in a research report on Wednesday, June 21st. BidaskClub upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $30.00 price target (down previously from $35.00) on shares of Acadia Realty Trust in a report on Tuesday, June 6th. Finally, KeyCorp cut their price target on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Acadia Realty Trust currently has an average rating of “Buy” and a consensus target price of $34.60.

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Acadia Realty Trust Company Profile

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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