Hill Winds Capital LP Acquires Shares of 125,000 Acadia Realty Trust (NYSE:AKR)

Share on StockTwits

Hill Winds Capital LP acquired a new stake in Acadia Realty Trust (NYSE:AKR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 125,000 shares of the real estate investment trust’s stock, valued at approximately $3,241,000. Acadia Realty Trust accounts for approximately 2.2% of Hill Winds Capital LP’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Securian Asset Management Inc lifted its position in shares of Acadia Realty Trust by 9.2% during the 4th quarter. Securian Asset Management Inc now owns 31,000 shares of the real estate investment trust’s stock valued at $804,000 after acquiring an additional 2,600 shares during the period. FMR LLC lifted its position in shares of Acadia Realty Trust by 5.6% during the 4th quarter. FMR LLC now owns 10,496,029 shares of the real estate investment trust’s stock valued at $272,163,000 after acquiring an additional 558,764 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Acadia Realty Trust during the 4th quarter valued at approximately $59,000. Comerica Bank lifted its position in shares of Acadia Realty Trust by 3.5% during the 4th quarter. Comerica Bank now owns 82,625 shares of the real estate investment trust’s stock valued at $2,058,000 after acquiring an additional 2,808 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Acadia Realty Trust by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,391,681 shares of the real estate investment trust’s stock valued at $36,087,000 after acquiring an additional 77,959 shares during the period.

Shares of Acadia Realty Trust stock traded down $1.13 during trading on Thursday, hitting $23.29. 598,400 shares of the company were exchanged, compared to its average volume of 497,864. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.78. Acadia Realty Trust has a fifty-two week low of $23.29 and a fifty-two week high of $29.55. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 4.25 and a beta of 0.72. The firm has a 50 day moving average price of $25.35 and a 200 day moving average price of $26.97.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.08). Acadia Realty Trust had a return on equity of 2.45% and a net margin of 17.82%. The company had revenue of $77.80 million for the quarter, compared to analyst estimates of $60.46 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts predict that Acadia Realty Trust will post 1.39 earnings per share for the current year.

AKR has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Acadia Realty Trust in a research report on Wednesday, January 15th. They set a “hold” rating and a $26.00 price target for the company. Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Acadia Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $29.50.

In related news, VP Joseph Napolitano sold 1,447 shares of Acadia Realty Trust stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $24.90, for a total transaction of $36,030.30. Following the completion of the transaction, the vice president now directly owns 13,948 shares in the company, valued at approximately $347,305.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendy W. Luscombe sold 6,926 shares of Acadia Realty Trust stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $25.61, for a total value of $177,374.86. The disclosure for this sale can be found here. Insiders own 2.47% of the company’s stock.

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 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

Recommended Story: Learning About the VIX – Volatility Index

Want to see what other hedge funds are holding AKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadia Realty Trust (NYSE:AKR).

Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.