Acadia Realty Trust (NYSE:AKR) Rating Increased 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 note released on Saturday.

Other analysts have also issued research reports about the stock. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday. Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Monday, April 20th. JPMorgan Chase & Co. upped their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, March 20th. Finally, Citigroup upped 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 Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Acadia Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Acadia Realty Trust Stock Performance

Shares of AKR stock opened at $21.52 on Friday. The firm has a market capitalization of $2.87 billion, a PE ratio of 71.72, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. The firm has a fifty day simple moving average of $20.43 and a two-hundred day simple moving average of $20.29. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12 month low of $18.04 and a 12 month high of $22.36.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 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 analyst estimates of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. Acadia Realty Trust’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Analysts forecast that Acadia Realty Trust will post 1.23 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.7%. Acadia Realty Trust’s dividend payout ratio is presently 266.67%.

Hedge Funds Weigh In On Acadia Realty Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Acadia Realty Trust by 21.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,798 shares of the real estate investment trust’s stock valued at $1,755,000 after buying an additional 16,506 shares during the period. Hsbc Holdings PLC grew its position in Acadia Realty Trust by 13.5% during the first quarter. Hsbc Holdings PLC now owns 246,607 shares of the real estate investment trust’s stock valued at $4,715,000 after buying an additional 29,268 shares during the period. Resona Asset Management Co. Ltd. grew its position in Acadia Realty Trust by 4.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 57,902 shares of the real estate investment trust’s stock valued at $1,095,000 after buying an additional 2,463 shares during the period. MQS Management LLC bought a new position in Acadia Realty Trust during the first quarter valued at about $518,000. Finally, Inspire Investing LLC grew its position in Acadia Realty Trust by 14.8% during the first quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 4,125 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 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.