Shares of Acadia Realty Trust (NYSE:AKR – Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as $17.98 and last traded at $18.0310, with a volume of 214,555 shares trading hands. The stock had previously closed at $18.26.
Wall Street Analyst Weigh In
Several brokerages recently commented on AKR. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded shares of Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Citigroup boosted their price target on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Acadia Realty Trust in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.80.
Get Our Latest Stock Report on AKR
Acadia Realty Trust Price Performance
Acadia Realty Trust (NYSE:AKR – Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The company had revenue of $95.42 million for the quarter, compared to the consensus estimate of $92.36 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, research analysts anticipate that Acadia Realty Trust will post 1.25 EPS for the current year.
Acadia Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust’s payout ratio is currently 235.29%.
Hedge Funds Weigh In On Acadia Realty Trust
Several hedge funds and other institutional investors have recently modified their holdings of AKR. Wellington Management Group LLP boosted its position in Acadia Realty Trust by 24.9% in the second quarter. Wellington Management Group LLP now owns 4,678,599 shares of the real estate investment trust’s stock worth $97,830,000 after purchasing an additional 932,442 shares during the last quarter. Engineers Gate Manager LP increased its stake in shares of Acadia Realty Trust by 23.6% in the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock worth $77,147,000 after purchasing an additional 717,826 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Acadia Realty Trust by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,863,349 shares of the real estate investment trust’s stock valued at $35,627,000 after purchasing an additional 63,109 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Acadia Realty Trust in the second quarter worth about $25,340,000. Finally, Principal Financial Group Inc. raised its stake in Acadia Realty Trust by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 636,893 shares of the real estate investment trust’s stock worth $12,177,000 after acquiring an additional 12,331 shares during the period. Hedge funds and other institutional investors own 97.65% of the company’s stock.
About Acadia Realty Trust
Acadia Realty Trust (NYSE: AKR) is a self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.
The company’s retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.
Read More
- Five stocks we like better than Acadia Realty Trust
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
- How a Hurricane Could Help Some Refineries—and Hurt Others
Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
