Acadia Realty Trust (NYSE:AKR) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Acadia Realty Trust (NYSE:AKR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.76 and traded as high as $21.11. Acadia Realty Trust shares last traded at $21.0550, with a volume of 2,388,976 shares changing hands.

Analysts Set New Price Targets

AKR has been the topic of a number of research analyst reports. Truist Financial dropped their price target on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Stock Performance

The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 175.47, a price-to-earnings-growth ratio of 3.60 and a beta of 1.13. The stock has a 50-day moving average of $20.40 and a 200-day moving average of $19.76. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The company had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $92.78 million. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. As a group, analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio is currently 666.67%.

Institutional Investors Weigh In On Acadia Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its holdings in Acadia Realty Trust by 189.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 902 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 547 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Acadia Realty Trust during the 2nd quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,309 shares during the period. Finally, GAMMA Investing LLC grew its stake in Acadia Realty Trust by 57.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 1,873 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 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.