Acadia Realty Trust $AKR Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP trimmed its stake in shares of Acadia Realty Trust (NYSE:AKR) by 16.1% during the third quarter, HoldingsChannel reports. The fund owned 1,952,513 shares of the real estate investment trust’s stock after selling 373,443 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Acadia Realty Trust were worth $39,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in shares of Acadia Realty Trust by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 547 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust in the second quarter worth about $47,000. Hantz Financial Services Inc. increased its holdings in Acadia Realty Trust by 90.3% in the third quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Acadia Realty Trust by 342.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,309 shares in the last quarter. Finally, State of Wyoming raised its stake in Acadia Realty Trust by 10.8% during the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 543 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AKR shares. Wall Street Zen lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Truist Financial lowered their target price on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, January 21st. Finally, Citigroup raised their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. 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. Based on data from MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Hold” and an average target price of $22.33.

Acadia Realty Trust Stock Performance

Shares of AKR stock opened at $20.11 on Thursday. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $22.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 223.45, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09. The business has a 50 day simple moving average of $20.59 and a 200 day simple moving average of $20.21.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.28). Acadia Realty Trust had a net margin of 3.22% and a return on equity of 0.49%. The business had revenue of $104.77 million for the quarter, compared to the consensus estimate of $92.19 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Acadia Realty Trust’s dividend payout ratio is currently 888.89%.

Acadia Realty Trust Company Profile

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.