Acadia Realty Trust (NYSE:AKR) Given Consensus Rating of “Hold” by Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have received a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $22.00.

A number of equities research analysts have commented on AKR shares. Zacks Research cut shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Finally, Truist Financial lowered their target price on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, November 28th.

Acadia Realty Trust Trading Down 0.6%

Shares of Acadia Realty Trust stock opened at $20.94 on Friday. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $24.95. The company’s fifty day simple moving average is $20.26 and its 200-day simple moving average is $19.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $2.74 billion, a PE ratio of 174.55, a P/E/G ratio of 3.59 and a beta of 1.13.

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

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid 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 dividend yield of 3.8%. Acadia Realty Trust’s dividend payout ratio is 666.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AKR. Vanguard Group Inc. raised its position in shares of Acadia Realty Trust by 0.6% during the third quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock valued at $401,783,000 after buying an additional 114,473 shares during the last quarter. State Street Corp increased its holdings in Acadia Realty Trust by 9.3% in the 2nd quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after acquiring an additional 632,722 shares during the last quarter. Geode Capital Management LLC increased its holdings in Acadia Realty Trust by 10.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,367,692 shares of the real estate investment trust’s stock valued at $62,546,000 after acquiring an additional 322,607 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Acadia Realty Trust in the 3rd quarter worth $64,526,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Acadia Realty Trust by 55.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,909,671 shares of the real estate investment trust’s stock valued at $58,630,000 after purchasing an additional 1,042,228 shares during the last quarter. 97.65% of the stock is currently owned by 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.