Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 1,726,289 Acadia Realty Trust (NYSE:AKR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Acadia Realty Trust (NYSE:AKR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,726,289 shares of the real estate investment trust's stock, valued at approximately $36,166,000. Universal Beteiligungs und Servicegesellschaft mbH owned 1.32% of Acadia Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Acadia Realty Trust by 8.8% in 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 acquiring an additional 1,459,448 shares during the period. FMR LLC increased its stake in shares of Acadia Realty Trust by 21.3% in the fourth 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 period. Geode Capital Management LLC increased its stake in shares of Acadia Realty Trust by 11.7% in the fourth 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 during the period. Northern Trust Corp increased its stake 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 worth $47,646,000 after acquiring an additional 832,794 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Acadia Realty Trust in the fourth quarter worth $38,508,000. Institutional investors and hedge funds own 97.65% of the company's stock.

Wall Street Analyst Weigh In

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

Acadia Realty Trust Stock Performance

AKR stock traded down $0.20 during midday trading on Friday, hitting $18.76. 1,162,697 shares of the stock traded hands, compared to its average volume of 1,402,517. The firm has a market cap of $2.46 billion, a P/E ratio of 117.22, a PEG ratio of 2.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.97 and a quick ratio of 0.97. The stock's fifty day simple moving average is $18.99 and its 200-day simple moving average is $20.55. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $104.39 million for the quarter, compared to analyst estimates of $86.99 million. Acadia Realty Trust had a net margin of 5.36% and a return on equity of 0.81%. The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. On average, analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.27%. Acadia Realty Trust's dividend payout ratio is presently 500.00%.

Acadia Realty Trust Company 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.