Acadia Realty Trust (NYSE:AKR) Stock Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Acadia Realty Trust (NYSE:AKR - Free Report) by 65.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,327 shares of the real estate investment trust's stock after selling 25,051 shares during the period. SG Americas Securities LLC's holdings in Acadia Realty Trust were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AKR. Smartleaf Asset Management LLC grew its holdings in 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 worth $36,000 after acquiring an additional 717 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Acadia Realty Trust by 2.1% during the fourth quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust's stock worth $843,000 after purchasing an additional 731 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Acadia Realty Trust by 1.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 57,510 shares of the real estate investment trust's stock worth $1,389,000 after purchasing an additional 764 shares in the last quarter. Arizona State Retirement System increased its holdings in Acadia Realty Trust by 2.9% in the fourth quarter. Arizona State Retirement System now owns 30,568 shares of the real estate investment trust's stock valued at $739,000 after buying an additional 857 shares during the last quarter. Finally, Mariner LLC raised its stake in Acadia Realty Trust by 2.5% during the fourth quarter. Mariner LLC now owns 44,221 shares of the real estate investment trust's stock valued at $1,068,000 after buying an additional 1,080 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded down $0.11 during midday trading on Monday, hitting $18.58. The company's stock had a trading volume of 1,338,552 shares, compared to its average volume of 1,138,837. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.97 and a current ratio of 0.97. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The firm's fifty day moving average price is $19.42 and its 200-day moving average price is $21.25. The firm has a market cap of $2.43 billion, a P/E ratio of 116.13, a P/E/G ratio of 2.94 and a beta of 1.39.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $104.39 million for the quarter, compared to analysts' expectations of $86.99 million. Acadia Realty Trust had a net margin of 5.36% and a return on equity of 0.81%. Acadia Realty Trust's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. On average, sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.31%. Acadia Realty Trust's payout ratio is currently 500.00%.

Wall Street Analyst Weigh In

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

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.