Acadia Realty Trust (NYSE:AKR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Acadia Realty Trust (NYSE:AKR) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.00.

A number of equities analysts have commented on the company. Citigroup lifted their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price target on Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, March 20th. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, April 30th. Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd.

Insider Activity

In other news, EVP Reginald Livingston sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the transaction, the executive vice president directly owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. The trade was a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds have recently made changes to their positions in the business. Danske Bank A S increased its stake in shares of Acadia Realty Trust by 600.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,800 shares during the period. Osaic Holdings Inc. increased its stake in shares of Acadia Realty Trust by 32.8% during 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Acadia Realty Trust during the second quarter valued at approximately $47,000. Hantz Financial Services Inc. increased its stake in shares of Acadia Realty Trust by 90.3% during the third quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,244 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Acadia Realty Trust by 342.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,309 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock opened at $20.91 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50 day simple moving average is $20.58 and its two-hundred day simple moving average is $20.42. The stock has a market capitalization of $2.79 billion, a P/E ratio of 69.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. Acadia Realty Trust has a one year low of $18.04 and a one year high of $22.36.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. The business had revenue of $102.99 million for the quarter, compared to analysts’ expectations of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Analysts forecast that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. Acadia Realty Trust’s payout ratio is 266.67%.

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.