Acadia Realty Trust (NYSE:AKR) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Acadia Realty Trust (NYSE:AKR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.53 and traded as high as $20.95. Acadia Realty Trust shares last traded at $20.93, with a volume of 435,480 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AKR. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH initiated coverage on Acadia Realty Trust in a report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price objective on the stock. Zacks Research downgraded Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Citigroup raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $23.00 in a research note on Friday, September 12th. Finally, Truist Financial dropped their target price on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Acadia Realty Trust has a consensus rating of “Hold” and a consensus price target of $22.00.

Acadia Realty Trust Stock Performance

The firm has a fifty day moving average price of $19.97 and a 200 day moving average price of $19.54. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.73 billion, a PE ratio of 173.76, a price-to-earnings-growth ratio of 3.38 and a beta of 1.12.

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

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio is presently 666.67%.

Hedge Funds Weigh In On Acadia Realty Trust

Several large investors have recently made changes to their positions in AKR. Northern Trust Corp raised its position in Acadia Realty Trust by 4.5% in the first quarter. Northern Trust Corp now owns 2,060,082 shares of the real estate investment trust’s stock valued at $43,159,000 after purchasing an additional 87,978 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at $574,000. Royal Bank of Canada lifted its stake in Acadia Realty Trust by 83.2% during the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after acquiring an additional 19,184 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Acadia Realty Trust during the 1st quarter valued at about $7,994,000. Finally, FJ Capital Management LLC increased its stake in Acadia Realty Trust by 67.8% during the first quarter. FJ Capital Management LLC now owns 78,955 shares of the real estate investment trust’s stock worth $1,654,000 after purchasing an additional 31,893 shares during the period. 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.