Hsbc Holdings PLC Raises Stock Position in Acadia Realty Trust (NYSE:AKR)

Hsbc Holdings PLC raised its holdings in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,865 shares of the real estate investment trust's stock after buying an additional 20,161 shares during the period. Hsbc Holdings PLC owned about 0.08% of Acadia Realty Trust worth $2,363,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AKR. Tower Research Capital LLC TRC increased its stake in shares of Acadia Realty Trust by 259.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,835 shares of the real estate investment trust's stock worth $310,000 after purchasing an additional 9,264 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Acadia Realty Trust by 20.0% during the 4th quarter. MetLife Investment Management LLC now owns 73,803 shares of the real estate investment trust's stock valued at $1,783,000 after buying an additional 12,292 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Acadia Realty Trust by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,575,874 shares of the real estate investment trust's stock valued at $38,073,000 after buying an additional 109,116 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Acadia Realty Trust by 12.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 265,205 shares of the real estate investment trust's stock valued at $6,406,000 after acquiring an additional 29,969 shares during the period. Finally, Marshall Wace LLP increased its holdings in Acadia Realty Trust by 94.6% in the 4th quarter. Marshall Wace LLP now owns 1,496,532 shares of the real estate investment trust's stock worth $36,156,000 after acquiring an additional 727,392 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Price Performance

Shares of NYSE AKR traded down $0.09 during mid-day trading on Tuesday, reaching $19.28. The company's stock had a trading volume of 106,900 shares, compared to its average volume of 1,049,503. The stock has a fifty day moving average of $20.45 and a two-hundred day moving average of $22.81. The firm has a market capitalization of $2.52 billion, a PE ratio of 107.17, a P/E/G ratio of 6.09 and a beta of 1.39. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. The business had revenue of $104.39 million during the quarter, compared to analyst estimates of $86.99 million. During the same period last year, the firm posted $0.33 EPS. The company's revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.15%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Analysts Set New Price Targets

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research report on Thursday, April 10th.

Insider Transactions at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Jason Blacksberg sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.83% of the company's stock.

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.