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Wellington Management Group LLP Has $140.95 Million Position in Acadia Realty Trust (NYSE:AKR)

Acadia Realty Trust logo with Finance background

Wellington Management Group LLP trimmed its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,003,129 shares of the real estate investment trust's stock after selling 377,429 shares during the quarter. Wellington Management Group LLP owned 5.02% of Acadia Realty Trust worth $140,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System grew its holdings in shares of Acadia Realty Trust by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust's stock valued at $930,000 after acquiring an additional 1,200 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Acadia Realty Trust in the third quarter valued at about $202,000. Charles Schwab Investment Management Inc. increased its position in Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust's stock worth $45,331,000 after purchasing an additional 83,180 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Acadia Realty Trust by 148.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 220,860 shares of the real estate investment trust's stock worth $3,958,000 after purchasing an additional 132,134 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Acadia Realty Trust by 250.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 89,098 shares of the real estate investment trust's stock valued at $1,597,000 after buying an additional 63,671 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AKR shares. Truist Financial raised their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, December 2nd. Finally, Compass Point raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.40.

Check Out Our Latest Analysis on AKR

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded down $0.38 during trading hours on Tuesday, hitting $24.94. 2,305,122 shares of the company's stock were exchanged, compared to its average volume of 1,022,012. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 281.33, a PEG ratio of 6.45 and a beta of 1.46. The company's 50-day moving average price is $24.55 and its 200-day moving average price is $21.68. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. Acadia Realty Trust has a 1-year low of $15.69 and a 1-year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The business had revenue of $87.70 million during the quarter, compared to the consensus estimate of $70.88 million. During the same period in the prior year, the company posted $0.27 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 3.05%. Acadia Realty Trust's dividend payout ratio is 844.44%.

Acadia Realty Trust Company Profile

(Free Report)

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.

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

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