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

Acadia Realty Trust (NYSE:AKR) shares crossed 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 trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AKR. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Truist Financial reduced their price objective 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Stock Performance

The firm has a fifty day simple moving average of $20.41 and a 200 day simple moving average of $19.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 166.66, a P/E/G ratio of 3.42 and a beta of 1.13.

Acadia Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Acadia Realty Trust

Several hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its stake in shares of Acadia Realty Trust by 189.5% in the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 902 shares in the last quarter. Osaic Holdings Inc. grew its position in Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 547 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Acadia Realty Trust during the second quarter worth $47,000. EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 2,309 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Acadia Realty Trust by 33.5% in the fourth 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. Institutional investors own 97.65% of the company’s stock.

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.