Acadia Realty Trust (NYSE:AKR) Stock Has Average Target Price of $24.20

Acadia Realty Trust (NYSE:AKR) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.20.

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup raised their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Wall Street Zen cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. KeyCorp reaffirmed an “overweight” rating on shares of Acadia Realty Trust in a research note on Wednesday. Finally, Truist Financial increased their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S purchased a new position in Acadia Realty Trust during the 2nd quarter worth $47,000. Covestor Ltd increased its stake in shares of Acadia Realty Trust by 62,000.0% during the fourth quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 3,720 shares during the period. Hantz Financial Services Inc. raised its holdings in Acadia Realty Trust by 72.0% during the fourth quarter. Hantz Financial Services Inc. now owns 4,509 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 1,887 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Acadia Realty Trust during the fourth quarter worth about $205,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Acadia Realty Trust in the fourth quarter valued at about $253,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Price Performance

Shares of NYSE AKR opened at $19.18 on Friday. The stock has a market cap of $2.63 billion, a P/E ratio of 56.41, a P/E/G ratio of 1.99 and a beta of 1.09. Acadia Realty Trust has a twelve month low of $18.61 and a twelve month high of $23.03. The stock has a 50 day moving average of $20.87 and a two-hundred day moving average of $21.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The business had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $92.36 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, research analysts forecast that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is 235.29%.

About Acadia Realty Trust

Acadia Realty Trust is a self-managed and self-administered real estate investment trust that owns, operates and invests in retail properties across the United States. The company focuses primarily on shopping centers, grocery-anchored centers and urban street-retail properties, with an emphasis on locations in densely populated and high-barrier-to-entry markets.

Acadia operates through two complementary platforms. Its Core Portfolio owns and manages retail properties intended to generate recurring rental income, while its Funds Management platform invests in retail real estate through discretionary investment funds and other investment vehicles on behalf of institutional partners.