Acadia Realty Trust (NYSE:AKR) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Acadia Realty Trust (NYSE:AKR) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other analysts also recently commented on the company. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Truist Financial boosted their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Citigroup raised their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, KeyCorp raised Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.20.

Acadia Realty Trust Price Performance

Shares of AKR stock opened at $20.29 on Friday. Acadia Realty Trust has a 52 week low of $18.61 and a 52 week high of $23.03. The stock has a market capitalization of $2.79 billion, a PE ratio of 59.68, a PEG ratio of 2.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $21.32 and its 200-day moving average is $21.11.

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

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 235.29%.

Institutional Trading of Acadia Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP boosted its stake in Acadia Realty Trust by 1.0% in the 2nd quarter. Corient Private Wealth LP now owns 73,910 shares of the real estate investment trust’s stock valued at $1,545,000 after purchasing an additional 722 shares during the period. California State Teachers Retirement System increased its position in Acadia Realty Trust by 1,938.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,458,451 shares of the real estate investment trust’s stock worth $72,316,000 after buying an additional 3,288,825 shares during the period. Greenland Capital Management LP acquired a new stake in shares of Acadia Realty Trust during the second quarter worth $418,000. Readystate Asset Management LP bought a new stake in shares of Acadia Realty Trust in the second quarter valued at about $3,848,000. Finally, Odyssean LLC grew its stake in shares of Acadia Realty Trust by 92.2% in the second quarter. Odyssean LLC now owns 134,577 shares of the real estate investment trust’s stock valued at $2,814,000 after acquiring an additional 64,545 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

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.