Acadia Realty Trust (AKR) : Eii Capital Management added new position in Acadia Realty Trust during the most recent quarter end. The investment management firm now holds 158,000 shares of Acadia Realty Trust which is valued at $5,797,020 , the company said in a statement filed on Aug 2, 2016 with the SEC.Acadia Realty Trust makes up approximately 1.66% of Eii Capital Management’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in AKR in the latest quarter, The investment management firm added 704 additional shares and now holds a total of 11,854 shares of Acadia Realty Trust which is valued at $434,923. Acadia Realty Trust makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.California State Teachers Retirement System boosted its stake in AKR in the latest quarter, The investment management firm added 2,689 additional shares and now holds a total of 148,793 shares of Acadia Realty Trust which is valued at $5,459,215. Acadia Realty Trust makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Ftb Advisors added AKR to its portfolio by purchasing 241 company shares during the most recent quarter which is valued at $9,076.Fisher Asset Management reduced its stake in AKR by selling 6,726 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 1,048,332 shares of AKR which is valued at $38,746,351. Acadia Realty Trust makes up approx 0.07% of Fisher Asset Management’s portfolio.
Acadia Realty Trust closed down -0.33 points or -0.90% at $36.27 with 3,62,037 shares getting traded on Monday. Post opening the session at $36.54, the shares hit an intraday low of $36.22 and an intraday high of $36.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Acadia Realty Trust reported $0.41 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.41. The company had revenue of $52.70 million for the quarter, compared to analysts expectations of $41.65 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Acadia Realty Trust is a real estate investment trust (REIT). The Trust is focused on the ownership acquisition redevelopment and management of retail properties located in metropolitan areas in the United States. The Trusts Core Portfolio consists of street retail and urban assets as well as suburban properties located in high-barrier-to-entry densely-populated trade areas. It also makes investments in first mortgages preferred equity and other notes receivable collateralized by real estate (Structured Finance Program) either directly or through entities having an ownership interest therein. The Trust operates in three segments: Core Portfolio Funds and Structured Financing. All of the Trusts assets are held by and all of the Trusts operations are conducted through Acadia Realty Limited Partnership (the Operating Partnership) and entities in which the Operating Partnership owns an interest. The Trust has approximately 700 leases.