Acadia Realty Trust (NYSE:AKR) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Acadia Realty Trust (NYSE:AKR) from a hold rating to a sell rating in a research report released on Sunday morning.

Several other research analysts have also weighed in on the company. LADENBURG THALM/SH SH started coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price objective for the company. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Finally, Citigroup raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Friday, September 12th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.33.

Acadia Realty Trust Stock Performance

AKR stock opened at $18.98 on Friday. The stock has a 50-day moving average price of $19.69 and a 200-day moving average price of $19.36. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.49 billion, a PE ratio of 118.63, a price-to-earnings-growth ratio of 3.85 and a beta of 1.47.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The business had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same period last year, the business posted $0.31 earnings per share. The business’s 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. As a group, equities research analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. Acadia Realty Trust’s payout ratio is 500.00%.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its holdings in shares of 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 worth $801,000 after purchasing an additional 529 shares during the period. State of Wyoming increased its holdings in shares of 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 worth $104,000 after purchasing an additional 543 shares during the period. Osaic Holdings Inc. increased its holdings in shares of 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 worth $41,000 after purchasing an additional 547 shares during the period. Inspire Investing LLC increased its holdings in shares of 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 worth $403,000 after purchasing an additional 640 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of Acadia Realty Trust by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 18,092 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 734 shares during the period. Institutional investors and hedge funds 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.