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

Key Points

• Hudson Bay Capital Management LP cut its stake in Acadia Realty Trust by 16.1% in Q3, selling 373,443 shares and leaving it with 1,952,513 shares valued at about $39.34M (≈1.49% ownership).
• Acadia missed quarterly EPS estimates ($0.04 vs. $0.32) while revenue rose 12.3% to $104.77M, and the company declared a quarterly dividend of $0.20 (annualized yield 4.0%) despite a very high reported payout ratio (888.89%).
• Analyst coverage is mixed with an average rating of Hold and a consensus price target of $22.33; AKR has a market cap of $2.63B, a 12‑month range of $16.98–$22.36, and a P/E of 223.45.

Hudson Bay Capital Management LP cut its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 16.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 owned about 1.49% of Acadia Realty Trust worth $39,343,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in Acadia Realty Trust by 83.2% during the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust's stock worth $885,000 after purchasing an additional 19,184 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Acadia Realty Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust's stock valued at $1,461,000 after buying an additional 3,045 shares in the last quarter. Millennium Management LLC grew its stake in Acadia Realty Trust by 31.1% during the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust's stock worth $16,993,000 after buying an additional 192,267 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Acadia Realty Trust by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust's stock worth $17,145,000 after acquiring an additional 82,974 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Acadia Realty Trust in the first quarter worth $1,284,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Stock Performance

Acadia Realty Trust 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 company 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 firm's fifty day moving average price is $20.59 and its 200 day moving average price is $20.21.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $104.77 million during the quarter, compared to analysts' expectations of $92.19 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business's quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 4.0%. Acadia Realty Trust's payout ratio is currently 888.89%.

Analyst Ratings Changes

AKR has been the topic of several recent research reports. Citigroup lifted 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 Wednesday, February 18th. 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 reduced their price objective on Acadia Realty Trust from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, November 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Acadia Realty Trust in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Acadia Realty Trust currently has an average rating of "Hold" and a consensus price target of $22.33.

Acadia Realty Trust 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.

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