Acadia Realty Trust (NYSE:AKR) Given Average Rating of “Moderate Buy” by Analysts

Acadia Realty Trust (NYSE:AKR) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, 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 target price among analysts that have issued a report on the stock in the last year is $23.00.

A number of research analysts have recently commented on AKR shares. Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. increased their price objective on Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, March 20th. Citigroup increased their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, April 30th.

Insiders Place Their Bets

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the completion of the sale, the executive vice president owned 9,426 shares in the company, valued at $208,503.12. This represents a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Acadia Realty Trust

A number of hedge funds have recently bought and sold shares of AKR. Royal Bank of Canada lifted its holdings in Acadia Realty Trust by 83.2% during the first quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 worth $1,461,000 after buying an additional 3,045 shares during the period. Millennium Management LLC lifted its holdings in 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 worth $16,993,000 after buying an additional 192,267 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Acadia Realty Trust by 11.3% during 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 purchased a new stake in Acadia Realty Trust during the first quarter worth $1,284,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Trading Up 0.7%

AKR opened at $21.97 on Friday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 73.25, a P/E/G ratio of 2.18 and a beta of 1.10. The stock’s 50 day moving average price is $20.64 and its 200-day moving average price is $20.50. Acadia Realty Trust has a one year low of $18.04 and a one year high of $22.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.17.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. The firm had revenue of $102.99 million for the quarter, compared to analysts’ expectations of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, equities analysts forecast 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. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.6%. Acadia Realty Trust’s dividend payout ratio is currently 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.