Easterly Investment Partners LLC Has $15.03 Million Stake in Acadia Realty Trust (NYSE:AKR)

Easterly Investment Partners LLC trimmed its position in shares of Acadia Realty Trust (NYSE:AKR) by 21.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 838,908 shares of the real estate investment trust’s stock after selling 227,475 shares during the quarter. Acadia Realty Trust makes up about 1.3% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 14th largest holding. Easterly Investment Partners LLC owned approximately 0.81% of Acadia Realty Trust worth $15,033,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in Acadia Realty Trust by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 1,200 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Acadia Realty Trust by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 55,378 shares of the real estate investment trust’s stock valued at $1,002,000 after purchasing an additional 3,192 shares during the period. SG Americas Securities LLC bought a new stake in shares of Acadia Realty Trust during the second quarter valued at approximately $103,000. GAMMA Investing LLC increased its position in shares of Acadia Realty Trust by 32.7% during the second quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 572 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Acadia Realty Trust by 1.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 136,073 shares of the real estate investment trust’s stock valued at $2,234,000 after purchasing an additional 2,290 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock traded up $0.52 on Friday, reaching $22.37. The company’s stock had a trading volume of 507,639 shares, compared to its average volume of 1,012,964. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 1.08. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 279.63, a PEG ratio of 5.71 and a beta of 1.46. The business’s fifty day moving average price is $19.77 and its 200 day moving average price is $17.87. Acadia Realty Trust has a twelve month low of $13.24 and a twelve month high of $22.51.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.30). Acadia Realty Trust had a return on equity of 0.03% and a net margin of 0.20%. The business had revenue of $87.25 million during the quarter, compared to analyst estimates of $70.16 million. During the same period in the prior year, the firm posted $0.36 EPS. Acadia Realty Trust’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Monday, September 30th. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.18. Acadia Realty Trust’s dividend payout ratio is 950.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AKR shares. JPMorgan Chase & Co. upgraded Acadia Realty Trust from an “underweight” rating to a “neutral” rating and set a $18.00 price objective on the stock in a research report on Wednesday, June 26th. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.40.

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 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.