Phocas Financial Corp. grew its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 4.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 350,321 shares of the real estate investment trust’s stock after buying an additional 13,769 shares during the quarter. Phocas Financial Corp. owned 0.42% of Acadia Realty Trust worth $9,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AKR. Riverhead Capital Management LLC grew its stake in shares of Acadia Realty Trust by 135.5% during the second quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 3,116 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Acadia Realty Trust by 72.2% during the second quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 2,775 shares during the last quarter. GAM Holding AG grew its stake in shares of Acadia Realty Trust by 5.5% during the second quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 356 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Acadia Realty Trust by 6.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 472 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Acadia Realty Trust by 14.8% during the second quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 1,000 shares during the last quarter.

AKR has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 target price on shares of Acadia Realty Trust in a research note on Wednesday, June 21st. BidaskClub raised Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. KeyCorp cut their target price on 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, Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the company a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.50.

Shares of Acadia Realty Trust (NYSE AKR) traded down 0.79% on Monday, reaching $30.22. The company had a trading volume of 66,744 shares. The stock has a market capitalization of $2.53 billion, a P/E ratio of 46.78 and a beta of 0.60. The company’s 50 day moving average price is $29.29 and its 200-day moving average price is $28.91. Acadia Realty Trust has a 1-year low of $26.70 and a 1-year high of $35.46.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.29. The firm had revenue of $59.50 million for the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. Equities analysts predict that Acadia Realty Trust will post $0.46 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, September 28th. Acadia Realty Trust’s payout ratio is presently 162.50%.

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Acadia Realty Trust Profile

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.

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

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