Acadia Realty Trust $AKR Stock Position Increased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Acadia Realty Trust (NYSE:AKR) by 16.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,015,648 shares of the real estate investment trust’s stock after purchasing an additional 289,359 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 1.54% of Acadia Realty Trust worth $37,431,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC boosted its position in shares of Acadia Realty Trust by 1.4% during the first quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 529 shares during the period. Inspire Investing LLC raised its stake in Acadia Realty Trust by 3.4% during the 1st quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 640 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Acadia Realty Trust by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,092 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 734 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Acadia Realty Trust by 189.5% in the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 902 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Acadia Realty Trust by 5.6% during the second quarter. Bank of Montreal Can now owns 20,227 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 1,069 shares during the period. Institutional investors own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

AKR has been the subject of several research analyst reports. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. LADENBURG THALM/SH SH initiated coverage on shares of Acadia Realty Trust in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price objective on the stock. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $23.00 in a report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Finally, Zacks Research cut Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Hold” and an average target price of $22.33.

Acadia Realty Trust Trading Down 2.2%

Acadia Realty Trust stock opened at $19.74 on Tuesday. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.59 billion, a P/E ratio of 164.47, a P/E/G ratio of 2.78 and a beta of 1.44. The company’s fifty day simple moving average is $19.80 and its 200-day simple moving average is $19.41.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business had revenue of $101.01 million during the quarter, compared to analyst estimates of $92.78 million. During the same period last year, the company earned $0.32 earnings per share. Acadia Realty Trust’s quarterly revenue was up 15.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, December 31st. Acadia Realty Trust’s payout ratio is currently 666.67%.

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.