Acadia Realty Trust (NYSE:AKR) Upgraded 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 released on Saturday.

Several other analysts have also recently commented on AKR. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, April 30th. KeyCorp restated a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Citigroup boosted their price target on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research 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 research report on Tuesday, July 14th. Finally, Truist Financial lifted their target price on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Acadia Realty Trust has an average rating of “Moderate Buy” and an average price target of $24.20.

Acadia Realty Trust Stock Down 0.1%

Shares of NYSE:AKR opened at $20.82 on Friday. The firm has a market cap of $2.86 billion, a P/E ratio of 61.24, a P/E/G ratio of 1.89 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12-month low of $18.61 and a 12-month high of $23.03. The business has a fifty day simple moving average of $21.57 and a 200 day simple moving average of $21.07.

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

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 235.29%.

Hedge Funds Weigh In On Acadia Realty Trust

Several institutional investors have recently added to or reduced their stakes in AKR. Royal Bank of Canada grew its position in shares of Acadia Realty Trust by 83.2% during the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Acadia Realty Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust’s stock worth $1,461,000 after acquiring an additional 3,045 shares in the last quarter. Millennium Management LLC boosted its stake in Acadia Realty Trust by 31.1% during the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust’s stock worth $16,993,000 after acquiring an additional 192,267 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Acadia Realty Trust by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust’s stock worth $17,145,000 after purchasing an additional 82,974 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Acadia Realty Trust in the first quarter worth $1,284,000. 97.65% of the stock is owned by institutional investors and hedge funds.

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.