DekaBank Deutsche Girozentrale Has $2.28 Million Stock Holdings in Acadia Realty Trust (NYSE:AKR)

DekaBank Deutsche Girozentrale trimmed its stake in Acadia Realty Trust (NYSE:AKR) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,783 shares of the real estate investment trust’s stock after selling 4,096 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.14% of Acadia Realty Trust worth $2,276,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. American International Group Inc. grew its holdings in Acadia Realty Trust by 1.4% in the second quarter. American International Group Inc. now owns 50,603 shares of the real estate investment trust’s stock worth $790,000 after purchasing an additional 721 shares during the period. Sei Investments Co. lifted its stake in shares of Acadia Realty Trust by 7.2% in the first quarter. Sei Investments Co. now owns 11,526 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Acadia Realty Trust by 1.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,003 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 781 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Acadia Realty Trust by 6.0% in the third quarter. LPL Financial LLC now owns 13,882 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 782 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Acadia Realty Trust by 11.9% in the second quarter. Ameritas Investment Partners Inc. now owns 7,723 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 823 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Up 0.6 %

AKR opened at $17.10 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average is $16.66 and its 200 day moving average is $15.97. Acadia Realty Trust has a fifty-two week low of $12.37 and a fifty-two week high of $17.73. The firm has a market capitalization of $1.76 billion, a P/E ratio of 90.00, a PEG ratio of 11.48 and a beta of 1.44.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, March 27th. Acadia Realty Trust’s payout ratio is currently 378.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AKR. Bank of America raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $20.00 in a research note on Friday, April 5th. Jefferies Financial Group raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $15.00 to $20.00 in a research note on Tuesday, January 2nd. Finally, Truist Financial lowered shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.50.

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.