Acadia Realty Trust (NYSE:AKR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $23.50.

A number of brokerages recently issued reports on AKR. JPMorgan Chase & Co. upped their price target 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. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Truist Financial increased their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, June 9th.

Acadia Realty Trust Stock Up 0.1%

Shares of NYSE:AKR traded up $0.02 during midday trading on Friday, reaching $21.27. The company’s stock had a trading volume of 707,573 shares, compared to its average volume of 1,705,189. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $21.64 and a 200-day moving average of $20.90. The firm has a market capitalization of $2.84 billion, a P/E ratio of 70.92 and a beta of 1.10. Acadia Realty Trust has a 12-month low of $18.06 and a 12-month high of $22.90.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.17. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The company had revenue of $102.99 million for the quarter, compared to the consensus estimate of $94.21 million. During the same quarter in the prior year, the business posted $0.34 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, research analysts anticipate that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Acadia Realty Trust’s payout ratio is presently 266.67%.

Insiders Place Their Bets

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This represents a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.11% of the stock is currently owned by company insiders.

Institutional Trading of Acadia Realty Trust

Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Acadia Realty Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,012 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 500 shares during the period. State of Wyoming lifted its position in shares of Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 543 shares during the period. Osaic Holdings Inc. lifted its position in shares of Acadia Realty Trust by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 547 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Acadia Realty Trust by 2.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 19,389 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 554 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Acadia Realty Trust by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 34,520 shares of the real estate investment trust’s stock valued at $709,000 after buying an additional 624 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.

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.