Acadia Realty Trust (AKR) Stake Raised by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in shares of Acadia Realty Trust (NYSE:AKR) by 70.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 361,900 shares of the real estate investment trust’s stock after buying an additional 149,641 shares during the quarter. WINTON GROUP Ltd owned 0.44% of Acadia Realty Trust worth $10,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of AKR. BlackRock Inc. lifted its position in Acadia Realty Trust by 3.3% during the second quarter. BlackRock Inc. now owns 13,685,948 shares of the real estate investment trust’s stock valued at $374,585,000 after purchasing an additional 432,691 shares during the period. Third Avenue Management LLC lifted its position in Acadia Realty Trust by 0.3% during the second quarter. Third Avenue Management LLC now owns 1,828,506 shares of the real estate investment trust’s stock valued at $50,047,000 after purchasing an additional 6,260 shares during the period. Dimensional Fund Advisors LP lifted its position in Acadia Realty Trust by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,317,619 shares of the real estate investment trust’s stock valued at $36,064,000 after purchasing an additional 22,195 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Acadia Realty Trust by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,074,338 shares of the real estate investment trust’s stock valued at $29,405,000 after purchasing an additional 28,376 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Acadia Realty Trust by 36.6% during the third quarter. Wells Fargo & Company MN now owns 1,025,148 shares of the real estate investment trust’s stock valued at $28,735,000 after purchasing an additional 274,914 shares during the period.

Shares of Acadia Realty Trust stock opened at $28.84 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.37 and a beta of 0.26. Acadia Realty Trust has a twelve month low of $21.34 and a twelve month high of $29.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. Acadia Realty Trust had a net margin of 17.43% and a return on equity of 2.09%. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.66 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts anticipate that Acadia Realty Trust will post 1.38 earnings per share for the current fiscal year.

In other Acadia Realty Trust news, Director Wendy W. Luscombe sold 4,500 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $28.00, for a total value of $126,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Wendy W. Luscombe sold 2,204 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $28.12, for a total transaction of $61,976.48. Following the completion of the transaction, the director now owns 40,198 shares in the company, valued at $1,130,367.76. The disclosure for this sale can be found here. Insiders sold 14,382 shares of company stock worth $406,839 over the last quarter. Insiders own 2.15% of the company’s stock.

AKR has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Acadia Realty Trust from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. ValuEngine downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Finally, Citigroup increased their price objective on shares of Acadia Realty Trust from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, August 15th. One research 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. The company has a consensus rating of “Hold” and a consensus target price of $31.33.

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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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