Acadia Realty Trust (NYSE:AKR) Receives Average Rating of “Moderate Buy” from Analysts

Acadia Realty Trust (NYSE:AKR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three 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 1 year price objective among brokerages that have covered the stock in the last year is $24.00.

A number of equities analysts have recently weighed in on the company. Truist Financial increased their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citigroup upped their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings raised shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. KeyCorp reiterated a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st.

Acadia Realty Trust Stock Down 0.6%

AKR stock opened at $21.54 on Thursday. Acadia Realty Trust has a one year low of $18.14 and a one year high of $23.03. The firm has a market cap of $2.96 billion, a PE ratio of 63.34, a PEG ratio of 1.97 and a beta of 1.10. The firm’s 50 day moving average price is $21.79 and its 200-day moving average price is $21.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13.

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 the consensus estimate of $0.30 by ($0.25). The business had revenue of $95.42 million during the quarter, compared to analysts’ expectations of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities research analysts anticipate that Acadia Realty Trust will post 1.25 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is 235.29%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after buying an additional 632,722 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Acadia Realty Trust by 74.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after acquiring an additional 2,370,553 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Acadia Realty Trust by 23.6% during the 4th 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Acadia Realty Trust by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock valued at $69,698,000 after acquiring an additional 10,648 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in Acadia Realty Trust by 15.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,351,880 shares of the real estate investment trust’s stock valued at $68,848,000 after acquiring an additional 442,209 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 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.