Strs Ohio cut its position in shares of Acadia Realty Trust (NYSE:AKR) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 133,195 shares of the real estate investment trust’s stock after selling 1,022 shares during the quarter. Strs Ohio owned 0.15% of Acadia Realty Trust worth $1,728,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AKR. Advisor Group Inc. boosted its position in shares of Acadia Realty Trust by 25.9% in the fourth quarter. Advisor Group Inc. now owns 2,049 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 421 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Acadia Realty Trust by 2.0% in the first quarter. State of Tennessee Treasury Department now owns 54,676 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 1,072 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Acadia Realty Trust by 3.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 35,185 shares of the real estate investment trust’s stock worth $436,000 after buying an additional 1,100 shares during the period. Victory Capital Management Inc. boosted its position in shares of Acadia Realty Trust by 8.3% in the fourth quarter. Victory Capital Management Inc. now owns 16,147 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 1,243 shares during the period. Finally, Eii Capital Management Inc. boosted its position in shares of Acadia Realty Trust by 19.4% in the first quarter. Eii Capital Management Inc. now owns 9,426 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,532 shares during the period. Institutional investors own 99.17% of the company’s stock.

NYSE AKR opened at $12.04 on Friday. Acadia Realty Trust has a fifty-two week low of $9.59 and a fifty-two week high of $29.55. The stock’s 50-day moving average is $12.81 and its two-hundred day moving average is $16.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $1.06 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 9.14 and a beta of 1.09.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.29). Acadia Realty Trust had a net margin of 11.02% and a return on equity of 1.52%. The company had revenue of $71.42 million for the quarter, compared to the consensus estimate of $78.00 million. On average, equities analysts expect that Acadia Realty Trust will post 1.21 EPS for the current year.

A number of analysts recently issued reports on the company. TheStreet cut Acadia Realty Trust from a “c” rating to a “d+” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut Acadia Realty Trust from a “neutral” rating to an “underweight” rating and set a $13.00 price objective for the company. in a research report on Wednesday, April 22nd. Zacks Investment Research raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Citigroup lifted their price objective on Acadia Realty Trust from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, SunTrust Banks reduced their price objective on Acadia Realty Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, July 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Acadia Realty Trust presently has a consensus rating of “Hold” and an average target price of $21.17.

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 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

Recommended Story: Asset Allocation

Want to see what other hedge funds are holding AKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadia Realty Trust (NYSE:AKR).

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

Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.