Acadia Realty Trust (NYSE:AKR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Acadia Realty Trust (NYSE:AKR) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $23.50.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. KeyCorp reissued a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. Zacks Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, 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.

Insider Activity at Acadia Realty Trust

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of Acadia Realty Trust stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the sale, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. The trade was a 72.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Acadia Realty Trust

A number of hedge funds have recently modified their holdings of AKR. Massachusetts Financial Services Co. MA grew its holdings in Acadia Realty Trust by 74.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock valued at $114,466,000 after purchasing an additional 2,370,553 shares during the period. Wellington Management Group LLP bought a new stake in shares of Acadia Realty Trust in the fourth quarter valued at $42,330,000. SG Americas Securities LLC lifted its position in shares of Acadia Realty Trust by 15,825.5% during the 4th quarter. SG Americas Securities LLC now owns 1,254,292 shares of the real estate investment trust’s stock valued at $25,763,000 after buying an additional 1,246,416 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Acadia Realty Trust by 55.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,909,671 shares of the real estate investment trust’s stock valued at $58,630,000 after buying an additional 1,042,228 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Acadia Realty Trust during the 4th quarter worth $15,782,000. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

AKR stock opened at $21.25 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $20.89. The company has a market capitalization of $2.84 billion, a P/E ratio of 70.82 and a beta of 1.10. Acadia Realty Trust has a 52-week low of $18.06 and a 52-week high of $22.90.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. The company had revenue of $102.99 million for the quarter, compared to analyst estimates of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts expect that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently announced 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 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 266.67%.

Acadia Realty Trust Company Profile

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.