Acadia Realty Trust (NYSE:AKR) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in shares of Acadia Realty Trust (NYSE:AKR) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,656 shares of the real estate investment trust’s stock after buying an additional 1,583 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.13% of Acadia Realty Trust worth $2,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AKR. Vanguard Group Inc. increased its stake in Acadia Realty Trust by 7.7% during the first quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust’s stock worth $283,775,000 after acquiring an additional 1,192,138 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of Acadia Realty Trust by 5.2% during the 4th quarter. Cohen & Steers Inc. now owns 15,790,037 shares of the real estate investment trust’s stock worth $268,273,000 after purchasing an additional 776,121 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Acadia Realty Trust by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust’s stock valued at $150,511,000 after buying an additional 388,067 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Acadia Realty Trust by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,682,989 shares of the real estate investment trust’s stock valued at $28,594,000 after acquiring an additional 54,996 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Acadia Realty Trust by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,361,088 shares of the real estate investment trust’s stock valued at $23,126,000 after purchasing an additional 16,812 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Trading Down 0.5 %

NYSE AKR opened at $22.63 on Thursday. Acadia Realty Trust has a 52 week low of $13.24 and a 52 week high of $23.29. The firm has a 50 day moving average of $21.40 and a two-hundred day moving average of $18.58. The stock has a market capitalization of $2.33 billion, a PE ratio of 282.88, a price-to-earnings-growth ratio of 5.85 and a beta of 1.47. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.76.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.30). The business had revenue of $87.25 million during the quarter, compared to analysts’ expectations of $70.16 million. Acadia Realty Trust had a net margin of 0.20% and a return on equity of 0.03%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. As a group, research analysts expect that Acadia Realty Trust will post 1.29 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.19 per share. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 3.36%. Acadia Realty Trust’s payout ratio is presently 950.00%.

Wall Street Analyst Weigh In

AKR has been the subject of several research analyst reports. StockNews.com upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Truist Financial upped their target price on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Compass Point raised their price target on shares of Acadia Realty Trust from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised Acadia Realty Trust from an “underweight” rating to a “neutral” rating and set a $18.00 price objective on the stock in a research report on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.80.

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.