Acadia Realty Trust (NYSE:AKR) was in 8 hedge funds’ portfolio at the end of March. AKR investors should pay attention to an increase in support from the world’s most elite money managers lately. There were 5 hedge funds in our database with AKR holdings at the end of the previous quarter.
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With all of this in mind, it’s important to take a glance at the key action surrounding Acadia Realty Trust (NYSE:AKR).
What does the smart money think about Acadia Realty Trust (NYSE:AKR)?
In preparation for this quarter, a total of 8 of the hedge funds we track were bullish in this stock, a change of 60% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were increasing their stakes significantly.
As aggregate interest increased, key money managers have jumped into Acadia Realty Trust (NYSE:AKR) headfirst. Balyasny Asset Management, managed by Dmitry Balyasny, initiated the most valuable position in Acadia Realty Trust (NYSE:AKR). Balyasny Asset Management had 6.5 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $0.8 million position during the quarter. The only other fund with a new position in the stock is Ken Griffin’s Citadel Investment Group.
How are insiders trading Acadia Realty Trust (NYSE:AKR)?
Insider purchases made by high-level executives is at its handiest when the company we’re looking at has experienced transactions within the past 180 days. Over the latest half-year time period, Acadia Realty Trust (NYSE:AKR) has experienced zero unique insiders buying, and 8 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Acadia Realty Trust (NYSE:AKR). These stocks are CoStar Group Inc (NASDAQ:CSGP), Rouse Properties Inc (NYSE:RSE), FirstService Corporation (USA) (NASDAQ:FSRV), DuPont Fabros Technology, Inc. (NYSE:DFT), and Kennedy-Wilson Holdings Inc (NYSE:KW). All of these stocks are in the property management industry and their market caps match AKR’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| CoStar Group Inc (NASDAQ:CSGP) | 12 | 0 | 5 |
| Rouse Properties Inc (NYSE:RSE) | 7 | 3 | 0 |
| FirstService Corporation (USA) (NASDAQ:FSRV) | 3 | 0 | 0 |
| DuPont Fabros Technology, Inc. (NYSE:DFT) | 11 | 0 | 2 |
| Kennedy-Wilson Holdings Inc (NYSE:KW) | 14 | 1 | 0 |
With the returns demonstrated by Insider Monkey’s studies, everyday investors must always monitor hedge fund and insider trading sentiment, and Acadia Realty Trust (NYSE:AKR) applies perfectly to this mantra.
