Hsbc Holdings PLC Increases Holdings in Acadia Realty Trust $AKR

Hsbc Holdings PLC increased its stake in Acadia Realty Trust (NYSE:AKR) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,607 shares of the real estate investment trust’s stock after acquiring an additional 29,268 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Acadia Realty Trust worth $4,715,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Acadia Realty Trust by 9.3% during 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 grew its holdings in shares of Acadia Realty Trust by 74.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after purchasing an additional 2,370,553 shares during the last quarter. Engineers Gate Manager LP increased its stake in Acadia Realty Trust by 23.6% in the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock worth $77,147,000 after buying an additional 717,826 shares during the period. Geode Capital Management LLC increased its stake in Acadia Realty Trust by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock worth $69,698,000 after buying an additional 10,648 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Acadia Realty Trust by 15.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,351,880 shares of the real estate investment trust’s stock valued at $68,848,000 after buying an additional 442,209 shares in the last quarter. 97.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AKR. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. KeyCorp reiterated a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Truist Financial raised 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 report on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Insiders Place Their Bets

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total value of $553,000.00. Following the completion of the sale, the executive vice president directly owned 9,426 shares in the company, valued at $208,503.12. This represents a 72.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.11% of the company’s stock.

Acadia Realty Trust Trading Up 1.7%

Shares of NYSE:AKR opened at $22.37 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 52-week low of $18.14 and a 52-week high of $22.90. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 74.56 and a beta of 1.10. The business has a 50-day moving average price of $21.73 and a 200-day moving average price of $20.99.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.17. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The firm had revenue of $102.99 million during the quarter, compared to analysts’ expectations of $94.21 million. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Equities analysts predict that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.6%. Acadia Realty Trust’s payout ratio is presently 266.67%.

About Acadia Realty Trust

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.