Acadia Realty Trust (NYSE:AKR) Receives $22.00 Average PT from Analysts

Acadia Realty Trust (NYSE:AKR) has earned a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.00.

AKR has been the topic of a number of research reports. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Truist Financial dropped their target price on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th.

Acadia Realty Trust Price Performance

AKR stock opened at $21.06 on Friday. The business has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $19.73. The company has a market capitalization of $2.76 billion, a P/E ratio of 175.47, a PEG ratio of 3.60 and a beta of 1.13. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $24.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

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

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 31st. Acadia Realty Trust’s payout ratio is 666.67%.

Institutional Investors Weigh In On Acadia Realty Trust

Several institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its holdings in Acadia Realty Trust by 189.5% during the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 902 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 547 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Acadia Realty Trust during the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC boosted its position in shares of Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,309 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Acadia Realty Trust by 57.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 1,873 shares during the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Company Profile

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.