Brokerages Set Acadia Realty Trust (NYSE:AKR) PT at $23.50

Shares of Acadia Realty Trust (NYSE:AKR) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.50.

A number of analysts have recently commented on AKR shares. 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 report on Thursday, April 30th. Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. boosted their target price on Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, March 20th. Finally, Truist Financial increased their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th.

Insider Buying and Selling

In related news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction dated 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 sale, the executive vice president owned 9,426 shares in the company, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. 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.

Hedge Funds Weigh In On Acadia Realty Trust

Several large investors have recently modified their holdings of AKR. Oregon Public Employees Retirement Fund boosted its stake in shares of Acadia Realty Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,012 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 500 shares during the period. State of Wyoming raised its position in Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 543 shares during the period. Osaic Holdings Inc. lifted its stake in 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 worth $41,000 after purchasing an additional 547 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Acadia Realty Trust by 2.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 19,389 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 554 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Acadia Realty Trust by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 34,520 shares of the real estate investment trust’s stock valued at $709,000 after buying an additional 624 shares during the period. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

AKR opened at $22.04 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 73.48 and a beta of 1.10. The stock has a fifty day simple moving average of $21.38 and a two-hundred day simple moving average of $20.73. Acadia Realty Trust has a 12-month low of $18.04 and a 12-month high of $22.90.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.17. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The company had revenue of $102.99 million during the quarter, compared to analyst estimates of $94.21 million. During the same period last year, the business earned $0.34 EPS. Acadia Realty Trust’s quarterly revenue was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts predict that Acadia Realty Trust will post 1.23 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 3.6%. Acadia Realty Trust’s dividend payout ratio is presently 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.