Acadia Realty Trust (NYSE:AKR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Acadia Realty Trust (NYSE:AKR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.84 and traded as high as $20.04. Acadia Realty Trust shares last traded at $19.9980, with a volume of 1,495,786 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Truist Financial decreased their price target on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.00.

Acadia Realty Trust Trading Up 1.1%

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $2.62 billion, a PE ratio of 166.66, a price-to-earnings-growth ratio of 3.42 and a beta of 1.13. The business’s 50-day moving average is $20.41 and its two-hundred day moving average is $19.84.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $101.01 million for the quarter, compared to analyst estimates of $92.78 million. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, equities research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.0%. Acadia Realty Trust’s payout ratio is presently 666.67%.

Institutional Trading of Acadia Realty Trust

Hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. grew its holdings in Acadia Realty Trust by 189.5% during the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 902 shares during the period. Osaic Holdings Inc. lifted its holdings 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 valued at $41,000 after acquiring an additional 547 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Acadia Realty Trust during the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $55,000 after purchasing an additional 2,309 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Acadia Realty Trust by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,829 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 960 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

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.