Universal Beteiligungs und Servicegesellschaft mbH Has $25.82 Million Stock Holdings in Acadia Realty Trust $AKR

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Acadia Realty Trust (NYSE:AKR) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,244,623 shares of the real estate investment trust’s stock after selling 51,055 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Acadia Realty Trust were worth $25,824,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Acadia Realty Trust by 0.6% during the third quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock worth $401,783,000 after acquiring an additional 114,473 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Acadia Realty Trust by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 511,079 shares of the real estate investment trust’s stock valued at $10,298,000 after purchasing an additional 64,644 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Acadia Realty Trust by 80.8% during the third quarter. Envestnet Asset Management Inc. now owns 73,453 shares of the real estate investment trust’s stock worth $1,480,000 after purchasing an additional 32,827 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Acadia Realty Trust during the 3rd quarter worth approximately $64,526,000. Finally, SG Americas Securities LLC lifted its holdings in Acadia Realty Trust by 15,825.5% during the 4th quarter. SG Americas Securities LLC now owns 1,254,292 shares of the real estate investment trust’s stock worth $25,763,000 after purchasing an additional 1,246,416 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AKR. JPMorgan Chase & Co. upped their price objective on Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a report on Monday. Wall Street Zen cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Zacks Research raised shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Citigroup lifted their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Acadia Realty Trust has an average rating of “Hold” and a consensus target price of $22.25.

Acadia Realty Trust Stock Up 0.8%

Shares of AKR opened at $20.93 on Friday. The firm has a 50 day simple moving average of $20.34 and a two-hundred day simple moving average of $20.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Acadia Realty Trust has a one year low of $18.04 and a one year high of $22.36. The company has a market cap of $2.74 billion, a P/E ratio of 232.54, a P/E/G ratio of 2.08 and a beta of 1.11.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.28). Acadia Realty Trust had a net margin of 3.22% and a return on equity of 0.49%. The business had revenue of $104.77 million during the quarter, compared to analyst estimates of $92.19 million. During the same period in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts forecast that Acadia Realty Trust will post 1.23 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is 888.89%.

Acadia Realty Trust Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.