Acadia Realty Trust (NYSE:AKR) Upgraded at Jefferies Financial Group

Acadia Realty Trust (NYSE:AKR) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

AKR has been the topic of several other reports. Zacks Research raised shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. lifted their price target on Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. 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 report on Thursday, April 30th. Finally, Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned 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 target price of $23.50.

Acadia Realty Trust Trading Up 0.9%

Shares of NYSE AKR opened at $21.89 on Friday. The company’s 50 day simple moving average is $21.64 and its 200 day simple moving average is $20.82. Acadia Realty Trust has a fifty-two week low of $18.04 and a fifty-two week high of $22.90. The firm has a market capitalization of $2.92 billion, a P/E ratio of 72.96 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The business had revenue of $102.99 million for the quarter, compared to the consensus estimate of $94.21 million. During the same period last year, the company posted $0.34 EPS. Acadia Realty Trust’s revenue for the quarter was down 1.4% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, analysts predict that Acadia Realty Trust will post 1.23 EPS for the current year.

Insider Buying and Selling at Acadia Realty Trust

In other 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 sale, the executive vice president directly owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This represents a 72.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its holdings in shares of Acadia Realty Trust by 32.8% during the second 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 in the last quarter. Danske Bank A S grew its stake in shares of Acadia Realty Trust by 600.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,800 shares in the last quarter. Raymond James Financial Inc. bought a new position in Acadia Realty Trust during the second quarter worth about $47,000. EverSource Wealth Advisors LLC increased its position in Acadia Realty Trust by 342.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,309 shares during the period. Finally, Covestor Ltd raised its stake in Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 3,720 shares in the last quarter. 97.65% of the stock is owned by institutional investors.

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.