Cohen & Steers Reduces $52M in Acadia Realty Trust ($AKR)
Key Points
- Cohen & Steers changed its Acadia Realty Trust ($AKR) stake by 12.8% last quarter, cutting to 16,267,828 shares worth $357.89 million.
- Wall Street's consensus rating on $AKR is Buy and an average price target of $23.50.
- $AKR last traded around $22.00.
Cohen & Steers reduced its position in Acadia Realty Trust ($AKR) by 12.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,267,828 shares of Acadia Realty Trust after selling 2,384,570 shares during the quarter. Cohen & Steers's holdings in Acadia Realty Trust were worth $357.89 million as of its most recent filing.
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About Acadia Realty Trust
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality core real estate portfolio of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles Investment Management. Acadia Realty Trust was incorporated in 1993 in Maryland and is based in Rye, United States.
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