Deutsche Bank AG Has $3.47 Million Holdings in Acadia Realty Trust (NYSE:AKR)

Deutsche Bank AG increased its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 37.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,772 shares of the real estate investment trust's stock after purchasing an additional 38,992 shares during the quarter. Deutsche Bank AG owned approximately 0.12% of Acadia Realty Trust worth $3,474,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Acadia Realty Trust by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 18,097,268 shares of the real estate investment trust's stock worth $437,230,000 after purchasing an additional 1,459,448 shares in the last quarter. FMR LLC increased its position in Acadia Realty Trust by 21.3% in the 4th quarter. FMR LLC now owns 11,620,757 shares of the real estate investment trust's stock valued at $280,757,000 after acquiring an additional 2,041,986 shares in the last quarter. Geode Capital Management LLC increased its position in Acadia Realty Trust by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 2,949,612 shares of the real estate investment trust's stock valued at $71,278,000 after acquiring an additional 308,117 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Acadia Realty Trust by 11.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,150,584 shares of the real estate investment trust's stock valued at $51,958,000 after acquiring an additional 219,983 shares in the last quarter. Finally, Northern Trust Corp increased its position in Acadia Realty Trust by 73.1% in the 4th quarter. Northern Trust Corp now owns 1,972,104 shares of the real estate investment trust's stock valued at $47,646,000 after acquiring an additional 832,794 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Insider Buying and Selling

In related news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Thursday, April 10th.

Acadia Realty Trust Trading Down 0.1%

Shares of NYSE AKR traded down $0.02 during mid-day trading on Monday, hitting $18.98. The company's stock had a trading volume of 799,125 shares, compared to its average volume of 1,072,825. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 105.45, a price-to-earnings-growth ratio of 6.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. Acadia Realty Trust has a one year low of $16.14 and a one year high of $26.29. The company's fifty day simple moving average is $19.70 and its 200-day simple moving average is $22.30.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The company had revenue of $104.39 million for the quarter, compared to analyst estimates of $86.99 million. During the same quarter last year, the firm earned $0.33 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.21%. The ex-dividend date is Monday, June 30th. Acadia Realty Trust's payout ratio is 500.00%.

About Acadia Realty Trust

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.