State of Wisconsin Investment Board Acquires 94,900 Shares of Acadia Realty Trust (NYSE:AKR)

State of Wisconsin Investment Board lifted its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 29.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,900 shares of the real estate investment trust’s stock after purchasing an additional 94,900 shares during the period. State of Wisconsin Investment Board’s holdings in Acadia Realty Trust were worth $11,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AKR. Rhumbline Advisers grew its stake in Acadia Realty Trust by 1.4% in the 1st quarter. Rhumbline Advisers now owns 253,829 shares of the real estate investment trust’s stock worth $6,922,000 after acquiring an additional 3,558 shares during the period. Piedmont Investment Advisors Inc. grew its stake in Acadia Realty Trust by 5.6% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 20,478 shares of the real estate investment trust’s stock worth $558,000 after acquiring an additional 1,089 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Acadia Realty Trust in the 4th quarter worth approximately $31,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Acadia Realty Trust by 8.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,192 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 1,100 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in shares of Acadia Realty Trust by 12.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 166,108 shares of the real estate investment trust’s stock valued at $3,645,000 after buying an additional 18,073 shares during the period.

In other Acadia Realty Trust news, VP Jason Blacksberg sold 2,477 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $28.86, for a total value of $71,486.22. Following the transaction, the vice president now owns 2,477 shares in the company, valued at approximately $71,486.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher Conlon sold 20,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $27.83, for a total transaction of $556,600.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $278,300. The disclosure for this sale can be found here. Insiders have sold a total of 28,574 shares of company stock worth $801,806 in the last 90 days. Company insiders own 2.47% of the company’s stock.

NYSE:AKR opened at $28.19 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2.31 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 3.33 and a beta of 0.71. Acadia Realty Trust has a twelve month low of $23.11 and a twelve month high of $29.82.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.22). The business had revenue of $74.80 million for the quarter, compared to analyst estimates of $51.36 million. Acadia Realty Trust had a net margin of 13.17% and a return on equity of 1.71%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.97%. Acadia Realty Trust’s payout ratio is 82.96%.

Several research firms recently weighed in on AKR. ValuEngine lowered shares of Acadia Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, May 15th. Finally, Citigroup set a $30.00 target price on shares of Acadia Realty Trust and gave the company a “hold” rating in a report on Monday, May 20th.

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About Acadia Realty Trust

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.

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

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