Acadia Realty Trust (NYSE:AKR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $23.50.

Several equities research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 9,426 shares in the company, valued at approximately $208,503.12. This represents a 72.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.11% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AKR. State Street Corp increased its position in shares of Acadia Realty Trust by 9.3% during the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after acquiring an additional 632,722 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Acadia Realty Trust by 74.0% in the 4th 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 acquiring an additional 2,370,553 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Acadia Realty Trust by 23.6% during the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock worth $77,147,000 after purchasing an additional 717,826 shares during the period. Geode Capital Management LLC increased its holdings in Acadia Realty Trust by 0.3% in the 4th 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 during the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in Acadia Realty Trust by 15.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,351,880 shares of the real estate investment trust’s stock valued at $68,848,000 after purchasing an additional 442,209 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Up 1.9%

Shares of NYSE:AKR opened at $22.56 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $21.80 and a two-hundred day moving average of $21.02. The stock has a market cap of $3.01 billion, a P/E ratio of 66.35 and a beta of 1.10. Acadia Realty Trust has a 52-week low of $18.14 and a 52-week high of $23.03.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The company had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $92.36 million. Acadia Realty Trust had a return on equity of 1.86% and a net margin of 12.14%.The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, research analysts expect that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio is 266.67%.

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.