Acadia Realty Trust (NYSE:AKR) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Acadia Realty Trust (NYSE:AKR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.53 and traded as high as $20.95. Acadia Realty Trust shares last traded at $20.93, with a volume of 435,480 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AKR. LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 target price on the stock. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Friday, September 12th. Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Trading Up 1.6%

The firm’s 50 day simple moving average is $19.94 and its two-hundred day simple moving average is $19.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.74 billion, a P/E ratio of 174.43, a price-to-earnings-growth ratio of 3.32 and a beta of 1.12.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The business had revenue of $101.01 million during the quarter, compared to analyst estimates of $92.78 million. During the same period in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, equities research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. Acadia Realty Trust’s dividend payout ratio is 666.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its stake in Acadia Realty Trust by 189.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 902 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 547 shares during the period. Raymond James Financial Inc. bought a new position in shares of Acadia Realty Trust during the second quarter worth about $47,000. EverSource Wealth Advisors LLC increased its holdings in shares of Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,309 shares during the period. Finally, GAMMA Investing LLC lifted its position in Acadia Realty Trust by 57.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 1,873 shares during the last quarter. Institutional investors and hedge funds 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.