Shares of Acadia Realty Trust (NYSE:AKR – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $23.50.
AKR has been the subject of several recent research reports. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Truist Financial boosted their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday.
Read Our Latest Stock Report on Acadia Realty Trust
Insider Buying and Selling at Acadia Realty Trust
Hedge Funds Weigh In On Acadia Realty Trust
Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its holdings 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 worth $41,000 after purchasing an additional 547 shares in the last quarter. Danske Bank A S increased its holdings in Acadia Realty Trust by 600.0% in the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,800 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust in the 2nd quarter worth about $47,000. Hantz Financial Services Inc. increased its holdings in Acadia Realty Trust by 90.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 2,309 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.
Acadia Realty Trust Stock Performance
Shares of NYSE AKR opened at $22.55 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12 month low of $18.04 and a 12 month high of $22.90. The stock has a 50 day moving average of $21.22 and a 200-day moving average of $20.69. The company has a market capitalization of $3.01 billion, a P/E ratio of 75.18, a P/E/G ratio of 2.22 and a beta of 1.10.
Acadia Realty Trust (NYSE:AKR – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping the consensus estimate of $0.05 by $0.17. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The company had revenue of $102.99 million during the quarter, compared to the consensus estimate of $94.21 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. As a group, equities research analysts predict that Acadia Realty Trust will post 1.24 EPS for the current year.
Acadia Realty Trust Dividend Announcement
The business 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio is presently 266.67%.
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.
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