Acadia Realty Trust (NYSE:AKR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Acadia Realty Trust (NYSE:AKR) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other research analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Saturday, September 27th. Citigroup upgraded 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 report on Friday, September 12th. Finally, LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.50.

Acadia Realty Trust Trading Down 0.3%

Shares of NYSE:AKR opened at $19.93 on Friday. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 124.57, a price-to-earnings-growth ratio of 4.03 and a beta of 1.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average price is $19.63 and its 200-day moving average price is $19.41.

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 (EPS) 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 business had revenue of $98.30 million for the quarter, compared to analysts’ expectations of $81.89 million. During the same quarter last year, the business earned $0.31 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. On average, equities research analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

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

Hedge Funds Weigh In On Acadia Realty Trust

Several institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in Acadia Realty Trust by 32.8% in the 2nd 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 in the last quarter. Thrivent Financial for Lutherans grew its position in Acadia Realty Trust by 9.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 96,298 shares of the real estate investment trust’s stock valued at $1,788,000 after acquiring an additional 8,407 shares in the last quarter. State of Wyoming grew its position in Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 543 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Acadia Realty Trust by 25.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,325,956 shares of the real estate investment trust’s stock valued at $43,193,000 after acquiring an additional 471,103 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Acadia Realty Trust by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 446,435 shares of the real estate investment trust’s stock valued at $8,290,000 after acquiring an additional 67,008 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 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.