Entropy Technologies LP Sells 11,771 Shares of Acadia Realty Trust (NYSE:AKR)

Entropy Technologies LP reduced its stake in shares of Acadia Realty Trust (NYSE:AKR) by 22.5% during the first quarter, Holdings Channel reports. The institutional investor owned 40,623 shares of the real estate investment trust’s stock after selling 11,771 shares during the quarter. Entropy Technologies LP’s holdings in Acadia Realty Trust were worth $851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of Acadia Realty Trust by 39.5% in the fourth quarter. Wells Fargo & Company MN now owns 76,646 shares of the real estate investment trust’s stock worth $1,852,000 after purchasing an additional 21,688 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Acadia Realty Trust by 1,097.7% in the fourth quarter. Russell Investments Group Ltd. now owns 148,658 shares of the real estate investment trust’s stock worth $3,592,000 after purchasing an additional 136,246 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Acadia Realty Trust by 22.8% in the fourth quarter. Bank of Montreal Can now owns 14,772 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 2,738 shares during the last quarter. Invesco Ltd. grew its stake in shares of Acadia Realty Trust by 17.6% in the fourth quarter. Invesco Ltd. now owns 1,029,208 shares of the real estate investment trust’s stock worth $24,866,000 after purchasing an additional 154,174 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Acadia Realty Trust in the fourth quarter worth about $2,792,000. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Stock Performance

Acadia Realty Trust stock opened at $18.42 on Tuesday. The stock’s 50 day simple moving average is $18.87 and its two-hundred day simple moving average is $20.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 115.10, a PEG ratio of 2.89 and a beta of 1.41. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $98.30 million for the quarter, compared to the consensus estimate of $81.89 million. Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust’s payout ratio is presently 500.00%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd.

Acadia Realty Trust 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.