Acadia Realty Trust (NYSE:AKR)’s share price hit a new 52-week high on Friday . The company traded as high as $37.08 and last traded at $37.08, with a volume of 42,790 shares traded. The stock had previously closed at $36.71.

A number of equities research analysts recently commented on the company. Boenning Scattergood reissued an “outperform” rating and issued a $38.00 price target on shares of Acadia Realty Trust in a research report on Tuesday, June 28th. Citigroup Inc. reissued a “buy” rating on shares of Acadia Realty Trust in a research report on Monday, April 4th. Finally, Zacks Investment Research raised Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.67.

The company’s 50 day moving average price is $35.22 and its 200-day moving average price is $34.06. The company has a market capitalization of $2.65 billion and a price-to-earnings ratio of 33.53.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business earned $52.70 million during the quarter, compared to the consensus estimate of $40.70 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Acadia Realty Trust’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Acadia Realty Trust will post $1.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.25 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.70%.

In other news, SVP Robert Masters sold 6,000 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $35.20, for a total value of $211,200.00. Following the sale, the senior vice president now directly owns 11,386 shares in the company, valued at approximately $400,787.20. The sale was disclosed in a filing with the SEC, which is available through this link.

Several large investors have modified their holdings of AKR. Nationwide Fund Advisors raised its stake in shares of Acadia Realty Trust by 0.9% in the fourth quarter. Nationwide Fund Advisors now owns 59,749 shares of the real estate investment trust’s stock worth $1,981,000 after buying an additional 522 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Acadia Realty Trust by 236.6% in the fourth quarter. First Trust Advisors LP now owns 84,701 shares of the real estate investment trust’s stock worth $2,808,000 after buying an additional 59,534 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Acadia Realty Trust by 4.6% in the fourth quarter. Rhumbline Advisers now owns 122,016 shares of the real estate investment trust’s stock worth $4,045,000 after buying an additional 5,365 shares in the last quarter. Comerica Bank raised its stake in shares of Acadia Realty Trust by 0.7% in the fourth quarter. Comerica Bank now owns 70,367 shares of the real estate investment trust’s stock worth $2,219,000 after buying an additional 455 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Acadia Realty Trust by 3.9% in the fourth quarter. New York State Common Retirement Fund now owns 87,815 shares of the real estate investment trust’s stock worth $2,911,000 after buying an additional 3,296 shares in the last quarter.

Acadia Realty Trust is a real estate investment trust (REIT). The Trust is focused on the ownership, acquisition, redevelopment and management of retail properties located in metropolitan areas in the United States. The Trust’s Core Portfolio consists of street retail and urban assets, as well as suburban properties located in high-barrier-to-entry, densely-populated trade areas.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.