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

Shares of Acadia Realty Trust (NYSE:AKR) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.20.

Several equities analysts have weighed in on AKR shares. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. KeyCorp raised shares of Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, August 18th. Truist Financial raised their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

Acadia Realty Trust Price Performance

AKR opened at $21.05 on Monday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 61.91, a PEG ratio of 1.91 and a beta of 1.10. The stock has a fifty day moving average of $21.50 and a 200-day moving average of $21.11. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a 12-month low of $18.61 and a 12-month high of $23.03.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The business 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 prior year, the firm posted $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Equities analysts forecast that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 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 is Wednesday, September 30th. Acadia Realty Trust’s payout ratio is currently 235.29%.

Institutional Trading of Acadia Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of AKR. State Street Corp boosted its position in Acadia Realty Trust by 9.3% during 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 purchasing an additional 632,722 shares during the last quarter. Wellington Management Group LLP increased its position in Acadia Realty Trust by 24.9% in the 2nd quarter. Wellington Management Group LLP now owns 4,678,599 shares of the real estate investment trust’s stock worth $97,830,000 after purchasing an additional 932,442 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of 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 purchasing an additional 717,826 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Acadia Realty Trust by 1,938.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,458,451 shares of the real estate investment trust’s stock worth $72,316,000 after purchasing an additional 3,288,825 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 10,648 shares during the last quarter. 97.65% of the stock is currently 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.