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

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 owned approximately 0.95% of Acadia Realty Trust worth $25,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AKR. Royal Bank of Canada boosted its stake in shares of Acadia Realty Trust by 83.2% during the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 19,184 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Acadia Realty Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust’s stock valued at $1,461,000 after acquiring an additional 3,045 shares during the last quarter. Millennium Management LLC raised its holdings in Acadia Realty Trust by 31.1% during the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust’s stock worth $16,993,000 after acquiring an additional 192,267 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Acadia Realty Trust by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust’s stock worth $17,145,000 after acquiring an additional 82,974 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Acadia Realty Trust during the first quarter valued at approximately $1,284,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AKR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Monday. JPMorgan Chase & Co. increased 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. Zacks Research raised shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Citigroup upped their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.25.

Acadia Realty Trust Price Performance

Shares of NYSE AKR opened at $20.93 on Friday. The business’s 50 day moving average price is $20.34 and its two-hundred day moving average price is $20.22. The company has a market cap of $2.74 billion, a PE ratio of 232.54, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Acadia Realty Trust has a twelve month low of $18.04 and a twelve month high of $22.36.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 previous year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Acadia Realty Trust will post 1.23 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.20 per share. 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 currently 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.