Acadia Realty Trust $AKR Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Acadia Realty Trust by 107.3% during the first quarter, acquiring a total of 202,864 shares worth approximately $4.25 million.
• Acadia Realty Trust reported a net margin of 5.31% and a quarterly revenue of $98.30 million, surpassing analyst estimates of $81.89 million, although it missed EPS expectations.
• The company has announced a quarterly dividend of $0.20 per share, representing a 4.0% dividend yield, with a payout ratio of 500%.

Hsbc Holdings PLC grew its position in Acadia Realty Trust (NYSE:AKR - Free Report) by 107.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,864 shares of the real estate investment trust's stock after acquiring an additional 104,999 shares during the quarter. Hsbc Holdings PLC owned about 0.15% of Acadia Realty Trust worth $4,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AKR. GF Fund Management CO. LTD. purchased a new stake in Acadia Realty Trust in the 4th quarter valued at $46,000. Sandia Investment Management LP acquired a new position in Acadia Realty Trust in the fourth quarter valued at $121,000. Cetera Investment Advisers acquired a new position in Acadia Realty Trust in the fourth quarter valued at $257,000. Jefferies Financial Group Inc. purchased a new stake in shares of Acadia Realty Trust in the fourth quarter valued at about $295,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Acadia Realty Trust by 259.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,835 shares of the real estate investment trust's stock worth $310,000 after buying an additional 9,264 shares during the period. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Stock Performance

Shares of AKR stock traded down $0.05 during mid-day trading on Friday, hitting $20.02. The stock had a trading volume of 1,558,754 shares, compared to its average volume of 1,352,485. The firm has a market cap of $2.62 billion, a PE ratio of 125.10, a PEG ratio of 3.98 and a beta of 1.48. The company's 50-day simple moving average is $18.89 and its 200-day simple moving average is $19.86. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. Acadia Realty Trust has a fifty-two week low of $16.98 and a fifty-two week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). The firm had revenue of $98.30 million for the quarter, compared to analyst estimates of $81.89 million. Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The company's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Sell-side analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's dividend payout ratio is 500.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $25.00.

Acadia Realty Trust 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.