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

Entropy Technologies LP bought a new stake in Acadia Realty Trust (NYSE:AKR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 52,394 shares of the real estate investment trust’s stock, valued at approximately $1,266,000.

Several other hedge funds have also made changes to their positions in the business. FMR LLC raised its stake in Acadia Realty Trust by 290.3% during the 3rd quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock valued at $224,910,000 after acquiring an additional 7,124,403 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Acadia Realty Trust by 381.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 656,795 shares of the real estate investment trust’s stock worth $15,422,000 after purchasing an additional 520,319 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Acadia Realty Trust by 89.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 217,401 shares of the real estate investment trust’s stock worth $5,252,000 after purchasing an additional 102,496 shares during the period. Advisors Preferred LLC grew its position in Acadia Realty Trust by 58.3% in the 4th quarter. Advisors Preferred LLC now owns 272,590 shares of the real estate investment trust’s stock valued at $6,515,000 after buying an additional 100,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock valued at $45,331,000 after buying an additional 83,180 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Performance

NYSE:AKR opened at $23.27 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a fifty-two week low of $16.09 and a fifty-two week high of $26.29. The firm’s fifty day simple moving average is $23.72 and its 200-day simple moving average is $23.43. The stock has a market cap 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on AKR. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.00.

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.