Ranger Global Real Estate Advisors LLC Has $21.11 Million Stock Holdings in Acadia Realty Trust (NYSE:AKR)

Ranger Global Real Estate Advisors LLC reduced its position in Acadia Realty Trust (NYSE:AKRFree Report) by 14.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,471,157 shares of the real estate investment trust’s stock after selling 246,378 shares during the quarter. Acadia Realty Trust comprises about 3.2% of Ranger Global Real Estate Advisors LLC’s holdings, making the stock its 13th biggest holding. Ranger Global Real Estate Advisors LLC owned 1.54% of Acadia Realty Trust worth $21,111,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Acadia Realty Trust by 3,220.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,793 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,739 shares in the last quarter. CWM LLC raised its stake in Acadia Realty Trust by 46.3% in the second quarter. CWM LLC now owns 2,174 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 688 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Acadia Realty Trust in the first quarter valued at approximately $45,000. Federated Hermes Inc. raised its stake in Acadia Realty Trust by 189.9% in the third quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,152 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Acadia Realty Trust during the second quarter worth approximately $59,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $15.00 to $20.00 in a research note on Tuesday, January 2nd. Compass Point downgraded shares of Acadia Realty Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Thursday, November 30th. Truist Financial downgraded shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research note on Tuesday, January 16th. Finally, StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Get Our Latest Stock Analysis on AKR

Insider Activity at Acadia Realty Trust

In related news, Director Douglas Crocker II sold 28,250 shares of Acadia Realty Trust stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $15.87, for a total value of $448,327.50. Following the sale, the director now owns 84,147 shares in the company, valued at $1,335,412.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.75% of the stock is currently owned by company insiders.

Acadia Realty Trust Trading Down 0.3 %

Shares of NYSE AKR traded down $0.05 during mid-day trading on Wednesday, hitting $16.56. The stock had a trading volume of 2,090,181 shares, compared to its average volume of 1,207,597. The firm has a market cap of $1.70 billion, a P/E ratio of 87.16, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. The business has a 50 day moving average price of $16.99 and a two-hundred day moving average price of $15.60. Acadia Realty Trust has a 1 year low of $12.37 and a 1 year high of $17.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.87 and a current ratio of 0.87.

About Acadia Realty Trust

(Free Report)

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.

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

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