Acadia Realty Trust (NYSE:AKR) Holdings Decreased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its position in Acadia Realty Trust (NYSE:AKR) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,073 shares of the real estate investment trust’s stock after selling 1,583 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Acadia Realty Trust were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Acadia Realty Trust by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust’s stock worth $283,775,000 after buying an additional 1,192,138 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Acadia Realty Trust by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust’s stock worth $150,511,000 after buying an additional 388,067 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Acadia Realty Trust by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 1,200 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Acadia Realty Trust during the 1st quarter worth $260,000. Finally, BNP Paribas Financial Markets grew its stake in Acadia Realty Trust by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 55,332 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 24,609 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Trading Down 1.2 %

Shares of AKR stock opened at $24.20 on Friday. The stock has a 50-day simple moving average of $23.27 and a 200 day simple moving average of $20.16. Acadia Realty Trust has a fifty-two week low of $14.06 and a fifty-two week high of $24.92. The stock has a market capitalization of $2.89 billion, a P/E ratio of 268.83, a P/E/G ratio of 6.40 and a beta of 1.47. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.67.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The firm had revenue of $87.70 million for the quarter, compared to the consensus estimate of $70.88 million. During the same period in the prior year, the business earned $0.27 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Acadia Realty Trust will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AKR. Truist Financial upped their price objective on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. StockNews.com raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Compass Point raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $27.00 in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.60.

Acadia Realty Trust 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.