Reginald Livingston Sells 25,000 Shares of Acadia Realty Trust (NYSE:AKR) Stock

Acadia Realty Trust (NYSE:AKR) EVP Reginald Livingston sold 25,000 shares of Acadia Realty Trust stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares of the company’s stock, valued at $208,503.12. The trade was a 72.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Acadia Realty Trust Stock Down 1.0%

NYSE:AKR traded down $0.22 during trading hours on Thursday, reaching $21.94. 630,433 shares of the company traded hands, compared to its average volume of 1,253,277. The business’s 50-day moving average price is $20.50 and its two-hundred day moving average price is $20.33. The stock has a market capitalization of $2.93 billion, a P/E ratio of 73.12, a P/E/G ratio of 2.20 and a beta of 1.10. Acadia Realty Trust has a 1 year low of $18.04 and a 1 year high of $22.36. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. The business had revenue of $102.99 million during 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 firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Analysts predict that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 266.67%.

Institutional Trading of Acadia Realty Trust

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Acadia Realty Trust by 0.6% in the third quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock worth $401,783,000 after acquiring an additional 114,473 shares during the period. State Street Corp grew its holdings in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock worth $139,802,000 after acquiring an additional 632,722 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Acadia Realty Trust by 74.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after acquiring an additional 2,370,553 shares during the period. Engineers Gate Manager LP grew its holdings in shares of Acadia Realty Trust by 23.6% in the fourth quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock worth $77,147,000 after acquiring an additional 717,826 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Acadia Realty Trust by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock worth $69,698,000 after acquiring an additional 10,648 shares during the period. Institutional investors own 97.65% of the company’s stock.

Wall Street Analysts Forecast Growth

AKR has been the subject of a number of research analyst reports. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup lifted their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.