Hsbc Holdings PLC Purchases 20,161 Shares of Acadia Realty Trust (NYSE:AKR)

Hsbc Holdings PLC increased its holdings in Acadia Realty Trust (NYSE:AKR - Free Report) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,865 shares of the real estate investment trust's stock after purchasing an additional 20,161 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of Acadia Realty Trust worth $2,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AKR. Smartleaf Asset Management LLC boosted its position in shares of Acadia Realty Trust by 91.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 717 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Acadia Realty Trust by 960.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 3,344 shares in the last quarter. USA Financial Formulas boosted its position in Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 489 shares during the last quarter. KBC Group NV boosted its holdings in Acadia Realty Trust by 44.1% in the fourth quarter. KBC Group NV now owns 4,733 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Xponance Inc. bought a new position in shares of Acadia Realty Trust in the 4th quarter valued at about $203,000. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Stock Up 0.8 %

Shares of NYSE:AKR traded up $0.15 during midday trading on Friday, reaching $19.75. 1,128,062 shares of the company were exchanged, compared to its average volume of 1,053,512. The firm has a market cap of $2.37 billion, a PE ratio of 109.72, a P/E/G ratio of 6.09 and a beta of 1.24. Acadia Realty Trust has a fifty-two week low of $16.14 and a fifty-two week high of $26.29. The stock has a fifty day simple moving average of $20.53 and a two-hundred day simple moving average of $22.86. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.

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

Acadia Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. This is a boost 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 annualized dividend and a yield of 4.05%. Acadia Realty Trust's dividend payout ratio is presently 444.44%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Acadia Realty Trust

In related news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.81, for a total value of $684,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.79% of the company's stock.

Acadia Realty Trust Company Profile

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.