Teacher Retirement System of Texas Purchases New Holdings in Acadia Realty Trust (NYSE:AKR)

Teacher Retirement System of Texas bought a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,358 shares of the real estate investment trust's stock, valued at approximately $364,000.

Several other hedge funds have also bought and sold shares of AKR. Swiss National Bank lifted its stake in Acadia Realty Trust by 2.7% in the 4th quarter. Swiss National Bank now owns 207,200 shares of the real estate investment trust's stock valued at $5,006,000 after purchasing an additional 5,400 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Acadia Realty Trust by 39.6% during the fourth quarter. Natixis Advisors LLC now owns 37,708 shares of the real estate investment trust's stock worth $911,000 after acquiring an additional 10,706 shares during the period. Cibc World Markets Corp bought a new stake in shares of Acadia Realty Trust during the fourth quarter worth approximately $265,000. Thrivent Financial for Lutherans boosted its holdings in shares of Acadia Realty Trust by 11.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 92,487 shares of the real estate investment trust's stock worth $2,234,000 after acquiring an additional 9,772 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Acadia Realty Trust by 5.3% during the fourth quarter. Advisors Asset Management Inc. now owns 123,277 shares of the real estate investment trust's stock worth $2,978,000 after acquiring an additional 6,253 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Performance

Shares of NYSE:AKR traded down $0.24 during trading on Friday, reaching $18.56. 1,746,238 shares of the stock were exchanged, compared to its average volume of 1,173,461. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The firm has a market cap of $2.43 billion, a PE ratio of 116.00, a PEG ratio of 2.93 and a beta of 1.36. The stock has a 50-day moving average price of $19.14 and a 200-day moving average price of $20.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.59.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. Acadia Realty Trust had a return on equity of 0.81% and a net margin of 5.36%. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend was Monday, June 30th. Acadia Realty Trust's dividend payout ratio (DPR) is currently 500.00%.

Analysts Set New Price Targets

Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a report on Thursday, April 10th.

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 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.