LADENBURG THALM/SH SH Initiates Coverage on Acadia Realty Trust (NYSE:AKR)

LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust (NYSE:AKR) in a report released on Tuesday, MarketBeat Ratings reports. The firm issued a neutral rating and a $21.00 price target on the real estate investment trust’s stock.

Separately, Wall Street Zen lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Acadia Realty Trust has an average rating of “Moderate Buy” and an average target price of $23.67.

Acadia Realty Trust Trading Up 2.1%

Shares of AKR opened at $19.79 on Tuesday. The firm’s 50 day simple moving average is $19.10 and its 200 day simple moving average is $19.69. The company has a market capitalization of $2.59 billion, a P/E ratio of 123.72, a P/E/G ratio of 3.88 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The company had revenue of $98.30 million during the quarter, compared to analysts’ expectations of $81.89 million. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. Acadia Realty Trust’s payout ratio is presently 500.00%.

Institutional Trading of Acadia Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis Advisors LLC lifted its position in Acadia Realty Trust by 1.4% in the first quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $801,000 after purchasing an additional 529 shares during the last quarter. State of Wyoming lifted its position in Acadia Realty Trust by 10.8% in the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 543 shares during the last quarter. Osaic Holdings Inc. lifted its position 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 purchasing an additional 547 shares during the last quarter. Inspire Investing LLC lifted its position in Acadia Realty Trust by 3.4% in the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 640 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Acadia Realty Trust by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 34,877 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 731 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.