Shares of Acadia Realty Trust (NYSE:AKR – Get Free Report) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.20.
Several equities analysts recently weighed in on AKR shares. Citigroup raised their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Truist Financial lifted their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, KeyCorp upgraded Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Tuesday, August 18th.
Read Our Latest Analysis on Acadia Realty Trust
Acadia Realty Trust Stock Down 0.4%
Acadia Realty Trust (NYSE:AKR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Research analysts expect that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.
Acadia Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 30th. Acadia Realty Trust’s payout ratio is currently 235.29%.
Institutional Investors Weigh In On Acadia Realty Trust
Large investors have recently added to or reduced their stakes in the stock. Nykredit A S purchased a new position in Acadia Realty Trust during the second quarter worth $47,000. Covestor Ltd grew its position in Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 3,720 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Acadia Realty Trust by 72.0% during the fourth quarter. Hantz Financial Services Inc. now owns 4,509 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 1,887 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Acadia Realty Trust in the fourth quarter worth about $205,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Acadia Realty Trust during the 4th quarter valued at about $253,000. 97.65% of the stock is owned by institutional investors.
Acadia Realty Trust Company Profile
Acadia Realty Trust is a self-managed and self-administered real estate investment trust that owns, operates and invests in retail properties across the United States. The company focuses primarily on shopping centers, grocery-anchored centers and urban street-retail properties, with an emphasis on locations in densely populated and high-barrier-to-entry markets.
Acadia operates through two complementary platforms. Its Core Portfolio owns and manages retail properties intended to generate recurring rental income, while its Funds Management platform invests in retail real estate through discretionary investment funds and other investment vehicles on behalf of institutional partners.
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