71,049 Shares in Acadia Realty Trust (NYSE:AKR) Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH acquired a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 71,049 shares of the real estate investment trust's stock, valued at approximately $1,488,000. Allianz Asset Management GmbH owned 0.05% of Acadia Realty Trust as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AKR. Vanguard Group Inc. boosted its position in shares of Acadia Realty Trust by 8.8% during the fourth quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after buying an additional 1,459,448 shares during the period. FMR LLC boosted its position in Acadia Realty Trust by 21.3% during the 4th quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust's stock worth $280,757,000 after acquiring an additional 2,041,986 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Acadia Realty Trust by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust's stock worth $71,278,000 after acquiring an additional 308,117 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Acadia Realty Trust by 73.1% in the fourth quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock valued at $47,646,000 after purchasing an additional 832,794 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Acadia Realty Trust in the fourth quarter worth $38,508,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Down 1.1%

Shares of NYSE AKR traded down $0.21 during trading hours on Friday, hitting $18.51. The company had a trading volume of 2,758,336 shares, compared to its average volume of 1,451,687. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm's 50 day moving average is $18.92 and its 200-day moving average is $20.42. The stock has a market capitalization of $2.42 billion, a P/E ratio of 115.69, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). The firm had revenue of $98.30 million during the quarter, compared to analyst estimates of $81.89 million. Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The business's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. On average, analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 30th. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analyst Upgrades and Downgrades

AKR has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a report on Thursday, April 10th.

Acadia Realty Trust 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.