Could Yuexiu Real Estate Investment Trust’s (HKG:405) Investor Composition Influence The Stock …

The Vanguard Group, Inc. is the second largest shareholder with 1.4% of common stock, followed by Sumitomo Mitsui DS Asset Management …

The big shareholder groups in Yuexiu Real Estate Investment Trust (HKG:405) have power over the company. Institutions often own shares in more established companies, while it’s not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

Yuexiu Real Estate Investment Trust has a market capitalization of HK$16b, so we would expect some institutional investors to have noticed the stock. Our analysis of the ownership of the company, below, shows that institutions own shares in the company. Let’s delve deeper into each type of owner, to discover more about Yuexiu Real Estate Investment Trust.

See our latest analysis for Yuexiu Real Estate Investment Trust

SEHK:405 Ownership Summary, February 12th 2020
SEHK:405 Ownership Summary, February 12th 2020

What Does The Institutional Ownership Tell Us About Yuexiu Real Estate Investment Trust?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors own 6.3% of Yuexiu Real Estate Investment Trust. This suggests some credibility amongst professional investors. But we can’t rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there’s always a risk that they are in a ‘crowded trade’. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Yuexiu Real Estate Investment Trust’s historic earnings and revenue, below, but keep in mind there’s always more to the story.

SEHK:405 Income Statement, February 12th 2020
SEHK:405 Income Statement, February 12th 2020

Hedge funds don’t have many shares in Yuexiu Real Estate Investment Trust. The company’s largest shareholder is Yuexiu Property Company Limited, with ownership of 52%, This implies that they have majority interest control of the future of the company. The Vanguard Group, Inc. is the second largest shareholder with 1.4% of common stock, followed by Sumitomo Mitsui DS Asset Management Company, Limited, holding 0.9% of the stock.

Researching institutional ownership is a good way to gauge and filter a stock’s expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Yuexiu Real Estate Investment Trust

The definition of company insiders can be subjective, and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our information suggests that Yuexiu Real Estate Investment Trust insiders own under 1% of the company. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around HK$12k worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.

General Public Ownership

The general public holds a 41% stake in 405. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.

Public Company Ownership

We can see that public companies hold 52%, of the 405 shares on issue. It’s hard to say for sure, but this suggests they have entwined business interests. This might be a strategic stake, so it’s worth watching this space for changes in ownership.

Next Steps:

It’s always worth thinking about the different groups who own shares in a company. But to understand Yuexiu Real Estate Investment Trust better, we need to consider many other factors. For instance, we’ve identified 4 warning signs for Yuexiu Real Estate Investment Trust (1 doesn’t sit too well with us) that you should be aware of.

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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City Office REIT Inc (NYSE:CIO) Shares Acquired by Aperio Group LLC

Finally, WINTON GROUP Ltd raised its stake in shares of City Office REIT by 12.7% during the second quarter. WINTON GROUP Ltd now owns 12,236 …

City Office REIT logoAperio Group LLC grew its holdings in shares of City Office REIT Inc (NYSE:CIO) by 15.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,778 shares of the real estate investment trust’s stock after purchasing an additional 8,722 shares during the quarter. Aperio Group LLC owned about 0.16% of City Office REIT worth $765,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Princeton Capital Management LLC raised its stake in City Office REIT by 122.4% in the first quarter. Princeton Capital Management LLC now owns 2,371 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,305 shares in the last quarter. FMR LLC purchased a new position in shares of City Office REIT during the first quarter worth approximately $31,000. Cutler Group LP raised its stake in shares of City Office REIT by 40.9% during the first quarter. Cutler Group LP now owns 3,720 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 1,080 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of City Office REIT by 556.7% during the first quarter. BNP Paribas Arbitrage SA now owns 7,145 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 6,057 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of City Office REIT by 12.7% during the second quarter. WINTON GROUP Ltd now owns 12,236 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.

Several research firms have commented on CIO. Zacks Investment Research raised shares of City Office REIT from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Monday, August 12th. B. Riley lifted their target price on shares of City Office REIT from $12.50 to $13.50 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, JMP Securities lifted their target price on shares of City Office REIT from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.80.

Shares of NYSE CIO opened at $13.77 on Friday. The company has a market cap of $550.70 million, a price-to-earnings ratio of 11.87, a PEG ratio of 1.48 and a beta of 0.42. City Office REIT Inc has a 52 week low of $9.73 and a 52 week high of $14.00. The firm’s fifty day moving average is $13.10 and its 200 day moving average is $12.06. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 2.68.

City Office REIT (NYSE:CIO) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.30). The firm had revenue of $41.17 million during the quarter, compared to analyst estimates of $38.17 million. City Office REIT had a negative return on equity of 2.84% and a negative net margin of 5.50%. Equities research analysts anticipate that City Office REIT Inc will post 1.18 earnings per share for the current year.

In related news, Director John Sweet acquired 2,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $12.85 per share, with a total value of $25,700.00. Following the completion of the purchase, the director now owns 13,767 shares of the company’s stock, valued at approximately $176,905.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

About City Office REIT

City Office REIT, Inc (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At December 31, 2018, CIO owned office complexes comprising 5.7 million square feet of net rentable area (“NRA”).

Recommended Story: What is diluted earnings per share (Diluted EPS)?

Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)

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Partners Group Holding Ag Has Lowered Its Crown Castle International Cor (CCI) Holding by …

Some Historical TSM News: 19/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$650 MLN; 02/04/2018 – ADRs End Lower; Alibaba, …

Crown Castle International Corp. (NYSE:REIT) Logo

Redwood Investments Llc increased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 75.61% based on its latest 2019Q2 regulatory filing with the SEC. Redwood Investments Llc bought 50,698 shares as the company’s stock declined 2.72% . The institutional investor held 117,749 shares of the semiconductors company at the end of 2019Q2, valued at $4.61 million, up from 67,051 at the end of the previous reported quarter. Redwood Investments Llc who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be bullish on the $222.45B market cap company. The stock increased 1.52% or $0.67 during the last trading session, reaching $44.74. About 6.02M shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 3.75% since September 14, 2018 and is uptrending. It has outperformed by 3.75% the S&P500. Some Historical TSM News: 19/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$650 MLN; 02/04/2018 – ADRs End Lower; Alibaba, ArcelorMittal and Taiwan Semiconductor Manufacturing Trade Actively; 28/03/2018 – US envoy meets TSMC boss amid concerns over Chinese IP theft; 20/04/2018 – Weak guidance from a top Apple supplier Taiwan Semiconductor Manufacturing, and the likely knock-on effect to 3-D sensing technology maker AMS, suggests Apple is not buying components for the iPhone X; 10/04/2018 – Taiwan Semiconductor Manufacturing Mar Rev NT$103.70B; 08/03/2018 – Scott Howard: Exclusive: US chipmaker GlobalFoundries asks China to probe TSMC- Nikkei Asian Review; 18/04/2018 – InspectorGeneral: Occupational Therapist Owner of TSM Sentenced for Making False and Fraudulent Statements Related to Health; 23/05/2018 – TSMC 2330.TW TSM.N SAYS ORDERS MACHINERY EQUIPMENT WORTH T$306 MLN; 19/04/2018 – Taiex Opens Down 1.6%; TSMC Slides 6% After Warning; 27/04/2018 – TSMC to invest $14 billion in R&D at Hsinchu facility

Partners Group Holding Ag decreased its stake in Crown Castle International Cor (CCI) by 0.83% based on its latest 2019Q2 regulatory filing with the SEC. Partners Group Holding Ag sold 2,584 shares as the company’s stock rose 7.08% . The institutional investor held 307,717 shares of the real estate investment trusts company at the end of 2019Q2, valued at $40.11M, down from 310,301 at the end of the previous reported quarter. Partners Group Holding Ag who had been investing in Crown Castle International Cor for a number of months, seems to be less bullish one the $56.73B market cap company. The stock decreased 1.71% or $2.37 during the last trading session, reaching $136.44. About 2.03 million shares traded or 12.49% up from the average. Crown Castle International Corp. (NYSE:CCI) has risen 21.58% since September 14, 2018 and is uptrending. It has outperformed by 21.58% the S&P500.

More notable recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Finance.Yahoo.com which released: “5 Semiconductor Companies Gurus Agree On – Yahoo Finance” on September 05, 2019, also Streetinsider.com with their article: “Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (TSM) PT Raised to TWD350/USD56 at Susquehanna – StreetInsider.com” published on September 12, 2019, Fool.com published: “Three 5G Stocks Poised to Soar Over the Next Decade – Motley Fool” on August 19, 2019. More interesting news about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were released by: Finance.Yahoo.com and their article: “Is Taiwan Semiconductor Mfg. Co. Ltd. (TSM) A Good Stock To Buy? – Yahoo Finance” published on June 07, 2019 as well as Seekingalpha.com‘s news article titled: “Wall Street Brunch – Seeking Alpha” with publication date: August 18, 2019.

Redwood Investments Llc, which manages about $756.78 million and $1.36B US Long portfolio, decreased its stake in Hubspot Inc (NYSE:HUBS) by 104,403 shares to 1,488 shares, valued at $254,000 in 2019Q2, according to the filing. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 61,258 shares in the quarter, leaving it with 343,298 shares, and cut its stake in Danaher Corporation (NYSE:DHR).

Investors sentiment decreased to 1.19 in 2019 Q2. Its down 0.18, from 1.37 in 2019Q1. It turned negative, as 38 investors sold CCI shares while 237 reduced holdings. 76 funds opened positions while 252 raised stakes. 370.94 million shares or 0.57% less from 373.08 million shares in 2019Q1 were reported. North Mngmt reported 48,898 shares or 1.01% of all its holdings. Smith Asset Management Group Ltd Partnership reported 0.17% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Cambridge Investment Advsrs Incorporated invested in 31,705 shares or 0.04% of the stock. Kayne Anderson Advsrs Ltd Partnership reported 16,650 shares. Ww Asset Management has invested 0.22% in Crown Castle International Corp. (NYSE:REIT). Kayne Anderson Rudnick Invest Mngmt Lc reported 178,694 shares. Parkside Commercial Bank And Tru, a Missouri-based fund reported 840 shares. 30,808 were reported by First Financial Bank. Moreover, Texas Yale Cap Corp has 0.12% invested in Crown Castle International Corp. (NYSE:REIT). 1832 Asset Mngmt LP invested 0.06% in Crown Castle International Corp. (NYSE:REIT). Cullen Frost Bankers holds 1,300 shares. Bamco New York has 0% invested in Crown Castle International Corp. (NYSE:REIT) for 480 shares. Sumitomo Life Company has invested 0.28% in Crown Castle International Corp. (NYSE:REIT). Ubs Asset Mngmt Americas has invested 0% in Crown Castle International Corp. (NYSE:REIT). Prudential Incorporated invested in 0.11% or 539,745 shares.

More notable recent Crown Castle International Corp. (NYSE:REIT) news were published by: Finance.Yahoo.com which released: “Is Whitestone REIT (NYSE:WSR) Excessively Paying Its CEO? – Yahoo Finance” on September 13, 2019, also Globenewswire.com with their article: “FTI Consulting Study Finds REIT Executive Compensation Increased 6% in 2018 – GlobeNewswire” published on August 20, 2019, Investorplace.com published: “7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio – Investorplace.com” on August 20, 2019. More interesting news about Crown Castle International Corp. (NYSE:REIT) were released by: Fool.com and their article: “Healthcare REITs: A Boom Is Coming – The Motley Fool” published on August 18, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why You Shouldn’t Look At VEREIT, Inc.’s (NYSE:VER) Bottom Line – Yahoo Finance” with publication date: August 22, 2019.

Crown Castle International Corp. (NYSE:REIT) Ratings Chart

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Fulton Breakefield Broenniman Lifted Its Amt (AMT) Stake by $622608; Duke Energy New (DUK …

Goldman Sachs Group Inc increased its stake in Duke Energy Corp New (DUK) by 3674.2% based on its latest 2019Q2 regulatory filing with the SEC.

American Tower Corporation (NYSE:REIT) Logo

Fulton Breakefield Broenniman Llc increased its stake in Amt (AMT) by 4.81% based on its latest 2019Q2 regulatory filing with the SEC. Fulton Breakefield Broenniman Llc bought 3,052 shares as the company’s stock rose 9.70% . The institutional investor held 66,515 shares of the real estate investment trusts company at the end of 2019Q2, valued at $13.60 million, up from 63,463 at the end of the previous reported quarter. Fulton Breakefield Broenniman Llc who had been investing in Amt for a number of months, seems to be bullish on the $95.34 billion market cap company. The stock decreased 1.59% or $3.48 during the last trading session, reaching $215.37. About 1.74 million shares traded. American Tower Corporation (NYSE:AMT) has risen 48.28% since September 14, 2018 and is uptrending. It has outperformed by 48.28% the S&P500.

Goldman Sachs Group Inc increased its stake in Duke Energy Corp New (DUK) by 3674.2% based on its latest 2019Q2 regulatory filing with the SEC. Goldman Sachs Group Inc bought 3.98 million shares as the company’s stock declined 4.08% . The institutional investor held 4.08M shares of the power generation company at the end of 2019Q2, valued at $360.34M, up from 108,200 at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in Duke Energy Corp New for a number of months, seems to be bullish on the $68.42 billion market cap company. The stock decreased 1.12% or $1.06 during the last trading session, reaching $93.9. About 2.96M shares traded or 8.97% up from the average. Duke Energy Corporation (NYSE:DUK) has risen 7.37% since September 14, 2018 and is uptrending. It has outperformed by 7.37% the S&P500. Some Historical DUK News: 22/04/2018 – DJ Duke Energy Corporation, Inst Holders, 1Q 2018 (DUK); 17/04/2018 – From chasing storms to scaling poles, Duke Energy lineworkers keep the grid running; 29/03/2018 – Duke Energy using North Carolina-based renewable natural gas in first-of-its-kind project; 12/03/2018 – Texas Emissions: 280283 – DUKE ENERGY FIELD SERVICES PIPELINE ECTOR COUNTY; 27/04/2018 – DUKE ENERGY PROPOSES RATE INCREASE IN SOUTH CAROLINA; 16/05/2018 – Duke Energy at American Gas Association Financial Forum May 20; 10/05/2018 – Duke Energy 1Q Adj EPS $1.28; 15/05/2018 – Duke Energy Picks Sites in Six Indiana Counties to Improve For Potential Industrial Development; 16/04/2018 – DUKE’S OCONEE 1 REACTOR UP TO 100% POWER FROM 0% FRIDAY: NRC; 30/04/2018 – Duke Energy’s renewable energy portfolio grew almost 20 percent in 2017, according to new report

Investors sentiment decreased to 1.03 in 2019 Q2. Its down 0.25, from 1.28 in 2019Q1. It dropped, as 29 investors sold AMT shares while 349 reduced holdings. 95 funds opened positions while 295 raised stakes. 394.58 million shares or 1.56% less from 400.84 million shares in 2019Q1 were reported. Diversified Trust, Tennessee-based fund reported 1,321 shares. Somerville Kurt F has 1,050 shares. Moreover, Louisiana State Employees Retirement has 0.23% invested in American Tower Corporation (NYSE:REIT) for 22,200 shares. Hollencrest Capital Mgmt invested 0.03% of its portfolio in American Tower Corporation (NYSE:REIT). Hanseatic holds 0.62% in American Tower Corporation (NYSE:REIT) or 2,983 shares. Bank & Trust Of Montreal Can has 531,840 shares. Mitchell Mcleod Pugh And Williams stated it has 4,640 shares. Cortland Advisers Lc reported 328,982 shares. Delaware-based Dupont Capital Mngmt Corporation has invested 0.33% in American Tower Corporation (NYSE:REIT). Livingston Grp Asset Mngmt (Operating As Southport Management) has invested 0.28% in American Tower Corporation (NYSE:REIT). Meiji Yasuda Asset Mgmt Limited invested in 18,456 shares or 0.32% of the stock. Howland Limited Liability Corporation holds 3.93% or 248,561 shares in its portfolio. Farmers And Merchants reported 0.02% in American Tower Corporation (NYSE:REIT). Moreover, Ballentine Prtn Ltd Liability Corporation has 0.03% invested in American Tower Corporation (NYSE:REIT). Welch Forbes Ltd Llc holds 7,333 shares or 0.04% of its portfolio.

More notable recent American Tower Corporation (NYSE:REIT) news were published by: Fool.com which released: “Can “Densification” Help Save Mall REITs? – Motley Fool” on August 21, 2019, also Prnewswire.com with their article: “InfraCap REIT Preferred ETF (NYSE Arca: PFFR) DECLARES MONTHLY DIVIDEND – PRNewswire” published on August 19, 2019, Fool.com published: “Healthcare REITs: A Boom Is Coming – The Motley Fool” on August 18, 2019. More interesting news about American Tower Corporation (NYSE:REIT) were released by: 247Wallst.com and their article: “Goldman Sachs Stays Positive on Top Dividend REITs as Sector Boom Continues – 24/7 Wall St.” published on August 21, 2019 as well as Finance.Yahoo.com‘s news article titled: “Investing In Property Through Equity LifeStyle Properties, Inc. (NYSE:ELS) – Yahoo Finance” with publication date: September 03, 2019.

Goldman Sachs Group Inc, which manages about $347.49B US Long portfolio, decreased its stake in Vanguard Index Fds (VTV) by 50,567 shares to 1.75 million shares, valued at $193.60M in 2019Q2, according to the filing. It also reduced its holding in Monotype Imaging Holdings In (NASDAQ:TYPE) by 100,453 shares in the quarter, leaving it with 62,304 shares, and cut its stake in Vanguard World Fd (MGK).

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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Envestnet Asset Management Inc. Reduces Stock Position in Acadia Realty Trust (NYSE:AKR)

The fund owned 12,819 shares of the real estate investment trust’s stock after selling 1,540 shares during the quarter. Envestnet Asset Management …

Acadia Realty Trust logoEnvestnet Asset Management Inc. cut its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,819 shares of the real estate investment trust’s stock after selling 1,540 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Acadia Realty Trust were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its holdings in shares of Acadia Realty Trust by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,900 shares of the real estate investment trust’s stock valued at $857,000 after acquiring an additional 400 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Acadia Realty Trust by 2.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 24,390 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 480 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Acadia Realty Trust by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 31,585 shares of the real estate investment trust’s stock valued at $861,000 after acquiring an additional 571 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of Acadia Realty Trust by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 26,191 shares of the real estate investment trust’s stock valued at $714,000 after acquiring an additional 865 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Acadia Realty Trust by 7.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,941 shares of the real estate investment trust’s stock valued at $382,000 after acquiring an additional 1,000 shares during the last quarter.

AKR has been the subject of a number of research analyst reports. Citigroup set a $30.00 price target on Acadia Realty Trust and gave the company a “hold” rating in a report on Monday, May 20th. Compass Point initiated coverage on Acadia Realty Trust in a report on Thursday, August 15th. They issued a “buy” rating and a $30.00 price target for the company. Zacks Investment Research upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, ValuEngine downgraded Acadia Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Acadia Realty Trust has a consensus rating of “Hold” and an average price target of $31.00.

Shares of AKR opened at $28.52 on Friday. The company has a market cap of $2.41 billion, a P/E ratio of 21.13, a PEG ratio of 3.66 and a beta of 0.69. The stock has a fifty day moving average price of $27.76 and a 200 day moving average price of $27.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.53 and a quick ratio of 0.53. Acadia Realty Trust has a 12 month low of $23.11 and a 12 month high of $29.82.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. The firm had revenue of $71.10 million during the quarter, compared to the consensus estimate of $57.31 million. Acadia Realty Trust had a return on equity of 1.78% and a net margin of 13.32%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. As a group, research analysts anticipate that Acadia Realty Trust will post 1.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.93%. Acadia Realty Trust’s payout ratio is currently 82.96%.

In related news, CFO John J. Gottfried sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $27.78, for a total transaction of $833,400.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $833,400. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.47% of the stock is owned by corporate insiders.

Acadia Realty Trust Company Profile

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.

See Also: Do equity income investments outperform growth and income investments?

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

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