Acadia Realty Trust (NYSE:AKR) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Acadia Realty Trust (NYSE:AKR) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.80.

A number of equities analysts recently commented on the company. Citigroup raised their target price on Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 3rd. KeyCorp reaffirmed an “overweight” rating on shares of Acadia Realty Trust in a research report on Wednesday, September 23rd. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. Finally, Weiss Ratings lowered shares of Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd.

Acadia Realty Trust Trading Up 0.4%

AKR opened at $18.61 on Tuesday. Acadia Realty Trust has a 52 week low of $17.96 and a 52 week high of $23.03. The business has a fifty day simple moving average of $19.75 and a 200-day simple moving average of $20.84. The firm has a market cap of $2.56 billion, a P/E ratio of 54.73, a P/E/G ratio of 2.03 and a beta of 1.11. 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 (NYSE:AKR) last issued its quarterly earnings data 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). The firm had revenue of $95.42 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities analysts expect that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

Institutional Investors Weigh In On Acadia Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Acadia Realty Trust by 24.9% in the second 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 in the last quarter. Engineers Gate Manager LP increased its position in shares of Acadia Realty Trust by 23.6% during 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. Dimensional Fund Advisors LP raised its stake in shares of Acadia Realty Trust by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,863,349 shares of the real estate investment trust’s stock valued at $35,627,000 after acquiring an additional 63,109 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Acadia Realty Trust in the second quarter valued at $25,340,000. Finally, Principal Financial Group Inc. raised its stake in shares of Acadia Realty Trust by 2.0% in the first quarter. Principal Financial Group Inc. now owns 636,893 shares of the real estate investment trust’s stock valued at $12,177,000 after acquiring an additional 12,331 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Company Profile

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.