Honeywell International Inc. Has $1.18 Million Position in Acadia Realty Trust (NYSE:AKR)

Honeywell International Inc. lowered its stake in shares of Acadia Realty Trust (NYSE:AKR) by 36.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 42,960 shares of the real estate investment trust’s stock after selling 25,010 shares during the period. Honeywell International Inc. owned approximately 0.05% of Acadia Realty Trust worth $1,176,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates acquired a new position in Acadia Realty Trust during the 4th quarter worth $217,000. Advisor Group Inc. grew its stake in Acadia Realty Trust by 221.1% during the 4th quarter. Advisor Group Inc. now owns 7,379 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 5,081 shares in the last quarter. Bank of America Corp DE grew its stake in Acadia Realty Trust by 11.8% during the 4th quarter. Bank of America Corp DE now owns 280,659 shares of the real estate investment trust’s stock worth $6,669,000 after purchasing an additional 29,548 shares in the last quarter. Norges Bank acquired a new position in Acadia Realty Trust during the 4th quarter worth $24,002,000. Finally, Geode Capital Management LLC grew its stake in Acadia Realty Trust by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 1,080,435 shares of the real estate investment trust’s stock worth $25,671,000 after purchasing an additional 65,439 shares in the last quarter.

Several research firms recently commented on AKR. Citigroup set a $30.00 target price on Acadia Realty Trust and gave the stock a “hold” rating in a research note on Monday, May 20th. ValuEngine cut Acadia Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Finally, Zacks Investment Research raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday.

In other news, EVP Christopher Conlon sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $27.83, for a total transaction of $556,600.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $278,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John J. Gottfried sold 30,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $27.78, for a total value of $833,400.00. Following the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $833,400. The disclosure for this sale can be found here. Corporate insiders own 2.47% of the company’s stock.

AKR opened at $27.86 on Friday. Acadia Realty Trust has a 12 month low of $23.11 and a 12 month high of $29.82. The firm has a market cap of $2.35 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 3.55 and a beta of 0.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.53 and a quick ratio of 0.53. The business’s fifty day moving average is $27.73.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $57.31 million. Acadia Realty Trust had a return on equity of 1.78% and a net margin of 13.32%. Acadia Realty Trust’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. As a group, equities research analysts anticipate that Acadia Realty Trust will post 1.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.02%. Acadia Realty Trust’s dividend payout ratio is currently 82.96%.

Acadia Realty Trust Profile

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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