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

Shares of Acadia Realty Trust (NYSE:AKR) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.50.

AKR has been the topic of a number of research reports. LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. KeyCorp reissued a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

Insiders Place Their Bets

In other Acadia Realty Trust 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 owned 9,426 shares of the company’s stock, valued at $208,503.12. The trade was a 72.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Acadia Realty Trust

Large investors have recently made changes to their positions in the stock. Amundi increased its holdings in Acadia Realty Trust by 41.6% during the first quarter. Amundi now owns 123,365 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 36,270 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Acadia Realty Trust by 34.8% in the 1st quarter. California State Teachers Retirement System now owns 169,626 shares of the real estate investment trust’s stock valued at $3,243,000 after acquiring an additional 43,780 shares during the period. Quantinno Capital Management LP grew its position in shares of Acadia Realty Trust by 293.3% in the 1st quarter. Quantinno Capital Management LP now owns 117,831 shares of the real estate investment trust’s stock valued at $2,253,000 after acquiring an additional 87,870 shares during the period. Sei Investments Co. increased its stake in shares of Acadia Realty Trust by 24.1% during the 1st quarter. Sei Investments Co. now owns 41,430 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 8,042 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Acadia Realty Trust by 247.1% in the 1st quarter. First Trust Advisors LP now owns 82,027 shares of the real estate investment trust’s stock valued at $1,568,000 after purchasing an additional 58,395 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.1%

Shares of Acadia Realty Trust stock opened at $21.25 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 70.83 and a beta of 1.10. The business’s 50 day simple moving average is $21.63 and its 200 day simple moving average is $20.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.17. Acadia Realty Trust has a 52-week low of $18.04 and a 52-week high of $22.90.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. The firm had revenue of $102.99 million during the quarter, compared to the consensus estimate 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 revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, analysts predict that Acadia Realty Trust will post 1.24 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given 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 yield of 3.8%. Acadia Realty Trust’s dividend 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.