TD Asset Management Inc. boosted its position in shares of Acadia Realty Trust (NYSE:AKR) by 5.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,200 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. TD Asset Management Inc.’s holdings in Acadia Realty Trust were worth $589,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AKR. Sei Investments Co. raised its position in shares of Acadia Realty Trust by 11.0% in the second quarter. Sei Investments Co. now owns 271,553 shares of the real estate investment trust’s stock worth $7,549,000 after buying an additional 26,945 shares during the period. Texas Permanent School Fund raised its position in shares of Acadia Realty Trust by 0.9% in the second quarter. Texas Permanent School Fund now owns 61,862 shares of the real estate investment trust’s stock worth $1,720,000 after buying an additional 534 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Acadia Realty Trust by 14.8% in the second quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 1,000 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Acadia Realty Trust by 0.9% in the second quarter. Great West Life Assurance Co. Can now owns 177,105 shares of the real estate investment trust’s stock worth $4,920,000 after buying an additional 1,581 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Acadia Realty Trust by 8.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 20,000 shares of the real estate investment trust’s stock worth $556,000 after buying an additional 1,530 shares during the period.

Acadia Realty Trust (NYSE:AKR) opened at 28.56 on Thursday. Acadia Realty Trust has a 12 month low of $26.70 and a 12 month high of $37.54. The firm’s 50 day moving average is $28.94 and its 200-day moving average is $29.41. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 44.21 and a beta of 0.59.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.29. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was up 35.2% on a year-over-year basis. On average, equities analysts forecast that Acadia Realty Trust will post $0.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 162.50%.

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A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 28th. Boenning Scattergood set a $35.00 price target on shares of Acadia Realty Trust and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. KeyCorp decreased their price target on shares of Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 28th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price target on shares of Acadia Realty Trust in a research note on Wednesday, June 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.60.

About Acadia Realty Trust

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.

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

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