Acadia Realty Trust (NYSE:AKR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Acadia Realty Trust (NYSE:AKR) from a sell rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

A number of other analysts have also issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Citigroup lifted their price target on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Truist Financial initiated coverage on shares of Acadia Realty Trust in a report on Thursday. They issued a “buy” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.80.

Acadia Realty Trust Price Performance

Shares of NYSE AKR opened at $18.42 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. Acadia Realty Trust has a 1-year low of $18.36 and a 1-year high of $23.03. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 1.91 and a beta of 1.11. The business has a 50-day moving average of $20.38 and a 200-day moving average of $20.92.

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

Acadia Realty Trust Dividend Announcement

The firm also recently announced 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 4.3%. The ex-dividend date is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is 235.29%.

Institutional Trading of Acadia Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S acquired a new stake in Acadia Realty Trust in the second quarter valued at $47,000. Sequoia Financial Advisors LLC bought a new stake in shares of Acadia Realty Trust in the 2nd quarter worth about $293,000. Greenland Capital Management LP acquired a new stake in shares of Acadia Realty Trust in the 2nd quarter valued at about $418,000. MQS Management LLC acquired a new stake in shares of Acadia Realty Trust in the 1st quarter valued at about $518,000. Finally, Inspire Investing LLC lifted its position in shares of Acadia Realty Trust by 14.8% during the first quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 4,125 shares during 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 self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.

The company’s retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.