Universal Beteiligungs und Servicegesellschaft mbH Sells 719,970 Shares of Acadia Realty Trust $AKR

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Acadia Realty Trust (NYSE:AKR) by 35.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,295,678 shares of the real estate investment trust’s stock after selling 719,970 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Acadia Realty Trust were worth $26,108,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AKR. Massachusetts Financial Services Co. MA bought a new position in shares of Acadia Realty Trust in the 3rd quarter valued at approximately $64,526,000. Engineers Gate Manager LP bought a new position in shares of Acadia Realty Trust in the second quarter valued at approximately $29,771,000. State Street Corp raised its position in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after purchasing an additional 632,722 shares during the period. Hudson Bay Capital Management LP lifted its stake in shares of Acadia Realty Trust by 25.4% in the second quarter. Hudson Bay Capital Management LP now owns 2,325,956 shares of the real estate investment trust’s stock worth $43,193,000 after buying an additional 471,103 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Acadia Realty Trust by 34.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,424,302 shares of the real estate investment trust’s stock worth $26,449,000 after buying an additional 366,113 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AKR shares. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday. Truist Financial decreased their target price on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Acadia Realty Trust Stock Down 1.9%

NYSE AKR opened at $20.20 on Friday. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $24.95. The stock has a market cap of $2.65 billion, a PE ratio of 168.31, a PEG ratio of 3.52 and a beta of 1.13. The firm has a 50-day simple moving average of $20.42 and a 200 day simple moving average of $19.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting 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 firm had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $92.78 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio (DPR) is 666.67%.

About Acadia Realty Trust

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.