Acadia Realty Trust (NYSE:AKR) Price Target Raised to $24.00

Acadia Realty Trust (NYSE:AKR) had its price target boosted by investment analysts at Truist Financial from $23.00 to $24.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 4.81% from the stock’s current price.

Several other equities research analysts have also recently weighed in on AKR. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Citigroup increased their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Zacks Research raised shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Acadia Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Acadia Realty Trust Trading Up 3.2%

Shares of NYSE AKR traded up $0.71 during trading on Tuesday, reaching $22.90. The company had a trading volume of 86,589 shares, compared to its average volume of 1,187,557. The stock has a market cap of $3.06 billion, a P/E ratio of 76.24, a PEG ratio of 2.24 and a beta of 1.10. The company’s fifty day moving average price is $21.14 and its 200-day moving average price is $20.67. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12 month low of $18.04 and a 12 month high of $22.84.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data 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. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The company had revenue of $102.99 million for the quarter, compared to analyst estimates of $94.21 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. As a group, research analysts expect that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Insider Buying and Selling at Acadia Realty Trust

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

Hedge Funds Weigh In On Acadia Realty Trust

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Acadia Realty Trust by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock valued at $401,783,000 after purchasing an additional 114,473 shares during the last quarter. State Street Corp raised its stake in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock worth $139,802,000 after purchasing an additional 632,722 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Acadia Realty Trust by 74.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after purchasing an additional 2,370,553 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Acadia Realty Trust by 23.6% in the fourth quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock valued at $77,147,000 after purchasing an additional 717,826 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Acadia Realty Trust by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock valued at $69,698,000 after purchasing an additional 10,648 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

About Acadia Realty Trust

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.