Acadia Realty Trust (NYSE:AKR) Announces Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Acadia Realty Trust (NYSE:AKR) posted its quarterly earnings data on Tuesday. 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), Zacks reports. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The firm had revenue of $91.19 million during the quarter, compared to analyst estimates of $92.36 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust updated its FY 2026 guidance to 1.240-1.260 EPS.

Acadia Realty Trust Trading Up 3.4%

Shares of AKR traded up $0.76 during midday trading on Wednesday, reaching $22.90. The company had a trading volume of 117,959 shares, compared to its average volume of 1,329,811. Acadia Realty Trust has a 1-year low of $18.14 and a 1-year high of $22.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $21.77 and a 200-day simple moving average of $21.01. The stock has a market cap of $3.06 billion, a PE ratio of 76.28 and a beta of 1.10.

Acadia Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. Acadia Realty Trust’s dividend payout ratio (DPR) is 266.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AKR. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, April 30th. Jefferies Financial Group upgraded Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Finally, Truist Financial increased their target price on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Activity

In related news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the completion of the sale, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Acadia Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 547 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC lifted its holdings in Acadia Realty Trust by 342.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,309 shares during the last quarter. State of Wyoming grew its position in Acadia Realty Trust by 10.8% in the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 543 shares during the period. Finally, Virtus Investment Advisers LLC acquired a new stake in Acadia Realty Trust during the fourth quarter worth $162,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

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.