SG Americas Securities LLC Boosts Stock Holdings in Acadia Realty Trust $AKR

Key Points

• SG Americas Securities LLC boosted its stake in Acadia Realty Trust by 15,825.5% in Q4 and now owns 1,254,292 shares (about 0.96% of the company) valued at roughly $25.76 million.
• Acadia missed Q4 EPS ($0.04 vs. $0.32 expected) despite revenue rising 12.3% to $104.77 million, and analysts forecast about 1.34 EPS for the current year.
• The firm announced a quarterly dividend of $0.20 (annualized yield ~4.2%) while the stock carries a consensus "Hold" rating from analysts with an average price target of $22.25 (2 Buys, 4 Holds).

SG Americas Securities LLC lifted its position in shares of Acadia Realty Trust (NYSE:AKR - Free Report) by 15,825.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,254,292 shares of the real estate investment trust's stock after acquiring an additional 1,246,416 shares during the period. SG Americas Securities LLC owned approximately 0.96% of Acadia Realty Trust worth $25,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Acadia Realty Trust by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust's stock valued at $401,783,000 after purchasing an additional 114,473 shares during the last quarter. State Street Corp raised its stake in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust's stock worth $139,802,000 after purchasing an additional 632,722 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Acadia Realty Trust in the third quarter worth $64,526,000. Alyeska Investment Group L.P. lifted its holdings in shares of Acadia Realty Trust by 55.8% during the third quarter. Alyeska Investment Group L.P. now owns 2,909,671 shares of the real estate investment trust's stock valued at $58,630,000 after purchasing an additional 1,042,228 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its holdings in shares of Acadia Realty Trust by 25.4% during the second quarter. Hudson Bay Capital Management LP now owns 2,325,956 shares of the real estate investment trust's stock valued at $43,193,000 after purchasing an additional 471,103 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AKR shares. Truist Financial reduced their price objective on Acadia Realty Trust from $23.00 to $22.00 and set a "buy" rating for the company in a report on Friday, November 28th. Citigroup 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 research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Acadia Realty Trust in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, March 20th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.25.

Acadia Realty Trust Trading Down 0.0%

Shares of NYSE:AKR opened at $19.15 on Friday. The stock's 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $20.19. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 212.85, a PEG ratio of 1.92 and a beta of 1.09. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $22.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate 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 business had revenue of $104.77 million for the quarter, compared to analysts' expectations of $92.19 million. During the same period in the previous year, the company earned $0.32 EPS. Acadia Realty Trust's revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts expect that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Acadia Realty Trust's dividend payout ratio is currently 888.89%.

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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