UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 78,628 Shares of Acadia Realty Trust (NYSE:AKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 735,423 shares of the real estate investment trust's stock after acquiring an additional 78,628 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of Acadia Realty Trust worth $17,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AKR. Smartleaf Asset Management LLC increased its holdings in shares of Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 717 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Acadia Realty Trust by 960.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 3,344 shares during the period. KBC Group NV lifted its holdings in shares of Acadia Realty Trust by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock valued at $114,000 after purchasing an additional 1,448 shares during the last quarter. Sandia Investment Management LP purchased a new stake in shares of Acadia Realty Trust during the fourth quarter valued at $121,000. Finally, Xponance Inc. acquired a new position in shares of Acadia Realty Trust in the 4th quarter valued at $203,000. 97.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is owned by corporate insiders.

Acadia Realty Trust Trading Down 0.1%

NYSE AKR traded down $0.02 on Monday, hitting $19.24. 877,712 shares of the stock were exchanged, compared to its average volume of 1,073,842. The company's 50-day moving average price is $19.50 and its two-hundred day moving average price is $22.11. 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 52-week low of $16.53 and a 52-week high of $26.29. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 106.89, a P/E/G ratio of 6.09 and a beta of 1.39.

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 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $104.39 million during the quarter, compared to analysts' expectations of $86.99 million. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. Acadia Realty Trust's revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.16%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 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.