Acadia Realty Trust (NYSE:AKR) Receives $22.33 Consensus Target Price from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.3333.

A number of analysts recently issued reports on the company. LADENBURG THALM/SH SH began coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price target for the company. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $23.00 in a report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Finally, Zacks Research cut Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd.

Acadia Realty Trust Stock Down 0.4%

AKR stock opened at $20.56 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of 171.35, a PEG ratio of 2.78 and a beta of 1.44. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $26.29. The business’s 50-day moving average price is $19.83 and its 200-day moving average price is $19.44. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.70.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business had revenue of $101.01 million during the quarter, compared to the consensus estimate of $92.78 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, equities research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 666.67%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AKR. Natixis Advisors LLC lifted its holdings in Acadia Realty Trust by 1.4% during the 1st quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $801,000 after buying an additional 529 shares in the last quarter. State of Wyoming grew its position in shares of Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 543 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 547 shares in the last quarter. Inspire Investing LLC lifted its position in Acadia Realty Trust by 3.4% during the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 640 shares during the last quarter. Finally, Amalgamated Bank grew its stake in Acadia Realty Trust by 1.9% during the 3rd quarter. Amalgamated Bank now owns 37,530 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 97.65% 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 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.