Acadia Realty Trust (NYSE:AKR) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Acadia Realty Trust (NYSE:AKR) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

AKR has been the subject of several other reports. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. KeyCorp raised Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Tuesday, August 18th. Truist Financial upped their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Citigroup increased their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.20.

Acadia Realty Trust Stock Performance

Shares of AKR opened at $20.29 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50 day moving average is $21.35 and its 200-day moving average is $21.11. Acadia Realty Trust has a 12-month low of $18.61 and a 12-month high of $23.03. The stock has a market capitalization of $2.79 billion, a P/E ratio of 59.68, a P/E/G ratio of 2.07 and a beta of 1.09.

Acadia Realty Trust (NYSE:AKR) last released its 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 business had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Equities research analysts anticipate that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AKR. Osaic Holdings Inc. raised its position in 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. Danske Bank A S boosted its position in Acadia Realty Trust by 600.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,800 shares during the period. Nykredit A S acquired a new stake in Acadia Realty Trust during the 2nd quarter worth about $47,000. Raymond James Financial Inc. purchased a new position in Acadia Realty Trust during the 2nd quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC grew its stake in Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,309 shares in the last quarter. Hedge funds and other 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.