Hsbc Holdings PLC Grows Stake in Acadia Realty Trust $AKR

Hsbc Holdings PLC grew its stake in shares of Acadia Realty Trust (NYSE:AKR) by 13.5% during the first quarter, Holdings Channel reports. The firm owned 246,607 shares of the real estate investment trust’s stock after purchasing an additional 29,268 shares during the period. Hsbc Holdings PLC’s holdings in Acadia Realty Trust were worth $4,715,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Danske Bank A S lifted its position in Acadia Realty Trust by 600.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,800 shares during the last quarter. Osaic Holdings Inc. lifted its holdings 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Acadia Realty Trust in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC increased its position 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 worth $55,000 after buying an additional 2,309 shares during the period. Finally, Covestor Ltd lifted its stake in Acadia Realty Trust by 62,000.0% in the fourth quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,720 shares during the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the completion of the sale, the executive vice president directly owned 9,426 shares in the company, valued at $208,503.12. This represents a 72.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.11% of the stock is currently owned by company insiders.

Acadia Realty Trust Stock Performance

NYSE AKR opened at $22.37 on Friday. Acadia Realty Trust has a 1-year low of $18.14 and a 1-year high of $22.90. The company has a market capitalization of $2.99 billion, a P/E ratio of 74.56 and a beta of 1.10. The business has a 50 day moving average price of $21.73 and a 200 day moving average price of $20.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The company had revenue of $102.99 million during the quarter, compared to analysts’ expectations of $94.21 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Sell-side analysts expect that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 3.6%. Acadia Realty Trust’s dividend payout ratio is 266.67%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. KeyCorp restated a “sector weight” rating on shares of Acadia Realty Trust in a research note on Monday, June 15th. Truist Financial upped their target price on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

About Acadia Realty Trust

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.