ValuEngine upgraded shares of Acadia Realty Trust (NYSE:AKR) from a sell rating to a hold rating in a report published on Saturday morning.

Several other analysts also recently commented on AKR. Zacks Investment Research downgraded Acadia Realty Trust from a hold rating to a sell rating in a research note on Wednesday, April 25th. Boenning Scattergood restated a buy rating and issued a $33.00 target price on shares of Acadia Realty Trust in a research note on Thursday, May 3rd. Finally, Citigroup raised their target price on Acadia Realty Trust from $27.00 to $29.00 and gave the company a neutral rating in a research note on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Acadia Realty Trust presently has a consensus rating of Hold and an average price target of $31.00.

Shares of Acadia Realty Trust stock opened at $28.47 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.00 and a quick ratio of 1.00. Acadia Realty Trust has a 1-year low of $21.34 and a 1-year high of $30.63. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.23 and a beta of 0.41.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.24). The business had revenue of $63.60 million for the quarter, compared to analyst estimates of $48.00 million. Acadia Realty Trust had a return on equity of 2.25% and a net margin of 19.11%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. sell-side analysts forecast that Acadia Realty Trust will post 1.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.27 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.08 annualized dividend and a dividend yield of 3.79%. Acadia Realty Trust’s dividend payout ratio is presently 71.52%.

In other Acadia Realty Trust news, insider Christopher Conlon sold 9,200 shares of Acadia Realty Trust stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $27.57, for a total transaction of $253,644.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason Blacksberg sold 3,500 shares of Acadia Realty Trust stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $27.34, for a total value of $95,690.00. Following the transaction, the vice president now owns 3,500 shares of the company’s stock, valued at approximately $95,690. The disclosure for this sale can be found here. Company insiders own 2.15% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Acadia Realty Trust by 3.3% during the 2nd quarter. BlackRock Inc. now owns 13,685,948 shares of the real estate investment trust’s stock valued at $374,585,000 after purchasing an additional 432,691 shares during the last quarter. Northern Trust Corp lifted its position in shares of Acadia Realty Trust by 3.0% during the 1st quarter. Northern Trust Corp now owns 2,225,027 shares of the real estate investment trust’s stock worth $54,736,000 after buying an additional 64,494 shares in the last quarter. Third Avenue Management LLC raised its holdings in shares of Acadia Realty Trust by 0.3% in the 2nd quarter. Third Avenue Management LLC now owns 1,828,506 shares of the real estate investment trust’s stock worth $50,047,000 after purchasing an additional 6,260 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Acadia Realty Trust by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,317,619 shares of the real estate investment trust’s stock worth $36,064,000 after purchasing an additional 22,195 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Acadia Realty Trust by 2.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,074,338 shares of the real estate investment trust’s stock worth $29,405,000 after purchasing an additional 28,376 shares during the period.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

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