Acadia Realty Trust (AKR) – What Are Brokerages Thinking About This Stock?

Shares of Acadia Realty Trust (NYSE:AKR) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $23.80.

Several research firms recently weighed in on AKR. Truist Financial assumed coverage on shares of Acadia Realty Trust in a research report on Thursday, October 1st. They issued a “buy” rating and a $22.00 price objective for the company. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. KeyCorp reissued an “overweight” rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings cut Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd.

Acadia Realty Trust Stock Up 0.6%

Shares of NYSE:AKR opened at $18.36 on Tuesday. Acadia Realty Trust has a 12 month low of $17.98 and a 12 month high of $23.03. The company’s 50-day moving average price is $19.97 and its two-hundred day moving average price is $20.87. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.52 billion, a P/E ratio of 53.99, a P/E/G ratio of 1.87 and a beta of 1.11.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%. The company had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, research analysts forecast that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

Institutional Investors Weigh In On Acadia Realty Trust

Institutional investors have recently modified their holdings of the business. Readystate Asset Management LP bought a new stake in shares of Acadia Realty Trust during the second quarter worth approximately $3,848,000. First Trust Advisors LP boosted its stake in Acadia Realty Trust by 247.1% in the first quarter. First Trust Advisors LP now owns 82,027 shares of the real estate investment trust’s stock valued at $1,568,000 after acquiring an additional 58,395 shares during the last quarter. Odyssean LLC boosted its stake in Acadia Realty Trust by 92.2% in the second quarter. Odyssean LLC now owns 134,577 shares of the real estate investment trust’s stock valued at $2,814,000 after acquiring an additional 64,545 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Acadia Realty Trust in the first quarter valued at approximately $1,111,000. Finally, Wellington Management Group LLP grew its holdings in Acadia Realty Trust by 24.9% during 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 acquiring an additional 932,442 shares during the period. Institutional investors and hedge funds 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.