Hsbc Holdings PLC Has $2.32 Million Stock Position in Acadia Realty Trust $AKR

Hsbc Holdings PLC cut its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 38.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,883 shares of the real estate investment trust’s stock after selling 77,981 shares during the period. Hsbc Holdings PLC owned about 0.10% of Acadia Realty Trust worth $2,316,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AKR. Natixis Advisors LLC boosted its stake in Acadia Realty Trust by 1.4% in the first quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $801,000 after buying an additional 529 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Acadia Realty Trust by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust’s stock valued at $389,307,000 after purchasing an additional 485,394 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Acadia Realty Trust by 3.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 81,722 shares of the real estate investment trust’s stock valued at $1,712,000 after purchasing an additional 3,000 shares during the last quarter. Swiss National Bank increased its position in Acadia Realty Trust by 11.9% during the 1st quarter. Swiss National Bank now owns 231,800 shares of the real estate investment trust’s stock worth $4,856,000 after purchasing an additional 24,600 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Acadia Realty Trust by 7,493.1% in the 1st quarter. Wolverine Asset Management LLC now owns 120,654 shares of the real estate investment trust’s stock valued at $2,528,000 after purchasing an additional 119,065 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

Shares of AKR opened at $19.67 on Friday. The business has a 50-day moving average of $19.81 and a 200-day moving average of $19.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 163.89, a price-to-earnings-growth ratio of 3.19 and a beta of 1.12. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $25.83.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $101.01 million during the quarter, compared to the consensus estimate of $92.78 million. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, equities research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. Acadia Realty Trust’s dividend payout ratio is 666.67%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AKR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Zacks Research cut Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price target on the stock. Citigroup raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $23.00 in a research note on Friday, September 12th. Finally, Truist Financial dropped their price objective on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Acadia Realty Trust has an average rating of “Hold” and a consensus target price of $22.00.

About Acadia Realty Trust

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.