SG Americas Securities LLC Sells 25,051 Shares of Acadia Realty Trust (NYSE:AKR)

SG Americas Securities LLC trimmed its stake in shares of Acadia Realty Trust (NYSE:AKR) by 65.3% during the first quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AKR. Smartleaf Asset Management LLC raised its stake in shares of Acadia Realty Trust by 91.3% in the 4th 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 during the period. GF Fund Management CO. LTD. bought a new position in shares of Acadia Realty Trust during the fourth quarter worth about $46,000. Sterling Capital Management LLC raised its position in Acadia Realty Trust by 960.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,692 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 3,344 shares during the last quarter. Sandia Investment Management LP bought a new stake in Acadia Realty Trust in the 4th quarter valued at approximately $121,000. Finally, Xponance Inc. acquired a new position in Acadia Realty Trust during the 4th quarter worth approximately $203,000. 97.65% of the stock is owned by institutional investors and hedge funds.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day moving average price of $19.46 and a 200 day moving average price of $21.39. The stock has a market capitalization of $2.45 billion, a PE ratio of 116.88, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $104.39 million during the quarter, compared to the consensus estimate of $86.99 million. Acadia Realty Trust had a return on equity of 0.81% and a net margin of 5.36%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.28%. Acadia Realty Trust’s dividend payout ratio is presently 500.00%.

Analyst Ratings Changes

Separately, Truist Financial upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock 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.