Acadia Realty Trust (NYSE:AKR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Acadia Realty Trust (NYSE:AKR) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Citigroup raised their price target on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Truist Financial began coverage on Acadia Realty Trust in a report on Thursday. They set a “buy” rating and a $22.00 target price on the stock. One 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 stock. Based on data from MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Acadia Realty Trust Trading Down 0.3%

NYSE AKR opened at $18.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 1-year low of $18.44 and a 1-year high of $23.03. The firm’s fifty day simple moving average is $20.46 and its 200-day simple moving average is $20.94. The company has a market capitalization of $2.56 billion, a PE ratio of 54.75, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. Acadia Realty Trust’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts anticipate that Acadia Realty Trust will post 1.24 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is currently 235.29%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP acquired a new position in shares of Acadia Realty Trust during the 2nd quarter worth about $3,848,000. First Trust Advisors LP grew its holdings in Acadia Realty Trust by 247.1% in the 1st quarter. First Trust Advisors LP now owns 82,027 shares of the real estate investment trust’s stock valued at $1,568,000 after buying an additional 58,395 shares during the last quarter. Odyssean LLC grew its holdings in Acadia Realty Trust by 92.2% in the 2nd quarter. Odyssean LLC now owns 134,577 shares of the real estate investment trust’s stock valued at $2,814,000 after buying an additional 64,545 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Acadia Realty Trust in the 1st quarter worth approximately $1,111,000. Finally, Wellington Management Group LLP increased its position in Acadia Realty Trust by 24.9% in the 2nd quarter. Wellington Management Group LLP now owns 4,678,599 shares of the real estate investment trust’s stock worth $97,830,000 after buying an additional 932,442 shares during the period. 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.