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

Hsbc Holdings PLC trimmed its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 38.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,883 shares of the real estate investment trust’s stock after selling 77,981 shares during the period. Hsbc Holdings PLC’s holdings in Acadia Realty Trust were worth $2,316,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AKR. Advisors Asset Management Inc. lifted its position in shares of Acadia Realty Trust by 1.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 115,628 shares of the real estate investment trust’s stock valued at $2,147,000 after acquiring an additional 1,796 shares during the period. Ameritas Investment Partners Inc. increased its stake in Acadia Realty Trust by 10.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,482 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 1,224 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Acadia Realty Trust by 8.8% during the second quarter. Prudential Financial Inc. now owns 235,835 shares of the real estate investment trust’s stock valued at $4,379,000 after purchasing an additional 19,115 shares during the period. Rhumbline Advisers raised its holdings in shares of Acadia Realty Trust by 9.8% during the second quarter. Rhumbline Advisers now owns 391,780 shares of the real estate investment trust’s stock valued at $7,275,000 after purchasing an additional 35,088 shares during the period. Finally, Entropy Technologies LP boosted its position in shares of Acadia Realty Trust by 76.6% during the 2nd quarter. Entropy Technologies LP now owns 71,757 shares of the real estate investment trust’s stock worth $1,333,000 after purchasing an additional 31,134 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.4%

Shares of NYSE:AKR opened at $19.67 on Friday. The business’s 50 day moving average is $19.81 and its 200 day moving average is $19.44. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $25.83. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 163.89, a PEG ratio of 3.19 and a beta of 1.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $101.01 million during the quarter, compared to analyst estimates of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.Acadia Realty Trust’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period 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. On average, sell-side analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Truist Financial lowered their target price on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $23.00 in a research note on Friday, September 12th. Finally, Zacks Research lowered shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Acadia Realty Trust currently has an average rating of “Hold” and a consensus price target 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.