Acadia Realty Trust (NYSE:AKR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut 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 firm 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AKR. Smartleaf Asset Management LLC boosted its holdings in Acadia Realty Trust by 91.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,502 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 717 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Acadia Realty Trust during the fourth quarter worth about $46,000. Sterling Capital Management LLC increased 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. Sandia Investment Management LP acquired a new stake in shares of Acadia Realty Trust during the fourth quarter worth about $121,000. Finally, Xponance Inc. purchased a new stake 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 and hedge funds.

Acadia Realty Trust Trading Down 0.0%

Shares of Acadia Realty Trust stock traded down $0.01 during trading hours on Friday, reaching $18.69. 3,676,793 shares of the company's stock were exchanged, compared to its average volume of 1,140,243. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 116.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. The company has a fifty day moving average of $19.46 and a 200-day moving average of $21.39. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.59.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Acadia Realty Trust had a return on equity of 0.81% and a net margin of 5.36%. The business had revenue of $104.39 million for the quarter, compared to analyst estimates of $86.99 million. During the same period in the previous year, the company posted $0.33 EPS. The company's revenue was up 14.2% compared to the same quarter last year. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. Acadia Realty Trust's dividend payout ratio (DPR) is presently 500.00%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note 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.