Acadia Realty Trust (NYSE:AKR) Receives Consensus Rating of “Hold” from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have been given an average rating of “Hold” by the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $22.00.

A number of equities analysts have commented on the stock. 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. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Truist Financial dropped their price target on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th.

Acadia Realty Trust Stock Performance

NYSE:AKR opened at $20.94 on Friday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 174.55, a PEG ratio of 3.59 and a beta of 1.13. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $24.95. The stock’s 50 day simple moving average is $20.26 and its two-hundred day simple moving average is $19.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The firm had revenue of $101.01 million during the quarter, compared to analyst estimates of $92.78 million. During the same period last year, the firm posted $0.32 earnings per share. Acadia Realty Trust’s revenue for the quarter was up 15.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, equities analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.20 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 666.67%.

Institutional Investors Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Acadia Realty Trust by 83.2% during the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Acadia Realty Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust’s stock valued at $1,461,000 after buying an additional 3,045 shares during the period. Millennium Management LLC grew its stake in shares of Acadia Realty Trust by 31.1% during the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust’s stock valued at $16,993,000 after buying an additional 192,267 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Acadia Realty Trust by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust’s stock worth $17,145,000 after buying an additional 82,974 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Acadia Realty Trust during the 1st quarter worth approximately $1,284,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

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.