Analysts Set Acadia Realty Trust (NYSE:AKR) PT at $18.40

Shares of Acadia Realty Trust (NYSE:AKR) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.40.

Several equities analysts have recently commented on the stock. Bank of America upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $20.00 in a research report on Friday, April 5th. JPMorgan Chase & Co. upgraded shares of Acadia Realty Trust from an “underweight” rating to a “neutral” rating and set a $18.00 target price for the company in a research report on Wednesday, June 26th.

Insider Activity at Acadia Realty Trust

In related news, CFO John J. Gottfried sold 12,500 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $16.89, for a total transaction of $211,125.00. Following the sale, the chief financial officer now directly owns 7,600 shares of the company’s stock, valued at approximately $128,364. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Richard Hartmann sold 25,000 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John J. Gottfried sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $16.89, for a total transaction of $211,125.00. Following the sale, the chief financial officer now directly owns 7,600 shares in the company, valued at $128,364. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Acadia Realty Trust

A number of institutional investors have recently added to or reduced their stakes in AKR. Vanguard Group Inc. grew its holdings in Acadia Realty Trust by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,562,072 shares of the real estate investment trust’s stock worth $223,316,000 after acquiring an additional 118,807 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Acadia Realty Trust by 7.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 138,196 shares of the real estate investment trust’s stock worth $1,983,000 after acquiring an additional 10,139 shares during the last quarter. SG Americas Securities LLC grew its holdings in Acadia Realty Trust by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 63,241 shares of the real estate investment trust’s stock worth $1,074,000 after acquiring an additional 3,740 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Acadia Realty Trust by 2.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 147,146 shares of the real estate investment trust’s stock worth $2,546,000 after acquiring an additional 3,218 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Acadia Realty Trust during the 4th quarter worth approximately $810,000. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock opened at $20.44 on Friday. Acadia Realty Trust has a twelve month low of $13.24 and a twelve month high of $20.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $17.97 and a two-hundred day simple moving average of $17.27. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 255.50, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.27). Acadia Realty Trust had a return on equity of 0.39% and a net margin of 2.38%. The business had revenue of $91.36 million during the quarter, compared to analyst estimates of $69.75 million. During the same quarter last year, the firm earned $0.40 EPS. Acadia Realty Trust’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts forecast that Acadia Realty Trust will post 1.28 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, June 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 900.00%.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.