Entropy Technologies LP Makes New $1.27 Million Investment in Acadia Realty Trust (NYSE:AKR)

Entropy Technologies LP purchased a new stake in Acadia Realty Trust (NYSE:AKR) in the fourth quarter, HoldingsChannel reports. The firm purchased 52,394 shares of the real estate investment trust’s stock, valued at approximately $1,266,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Acadia Realty Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 1,039 shares during the last quarter. USA Financial Formulas grew its position in shares of Acadia Realty Trust by 14.4% in the fourth quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 489 shares during the last quarter. KBC Group NV increased its stake in shares of Acadia Realty Trust by 44.1% during the 4th quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,448 shares in the last quarter. Custom Index Systems LLC acquired a new position in shares of Acadia Realty Trust during the 3rd quarter worth approximately $202,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Acadia Realty Trust in the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

AKR has been the subject of several recent research reports. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Acadia Realty Trust has an average rating of “Hold” and an average target price of $23.00.

Acadia Realty Trust Trading Down 0.9 %

Shares of AKR opened at $23.27 on Tuesday. Acadia Realty Trust has a fifty-two week low of $16.09 and a fifty-two week high of $26.29. The company has a market capitalization of $2.78 billion, a PE ratio of 258.58, a price-to-earnings-growth ratio of 6.24 and a beta of 1.46. The stock has a fifty day moving average of $23.72 and a two-hundred day moving average of $23.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14.

Acadia Realty Trust Company Profile

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.