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

Acadia Realty Trust (NYSE:AKR) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.20.

AKR has been the subject of a number of recent research reports. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. KeyCorp raised Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Tuesday, August 18th. Truist Financial upped their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, Citigroup raised their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd.

Acadia Realty Trust Trading Up 0.1%

Shares of NYSE:AKR opened at $20.75 on Monday. Acadia Realty Trust has a 12-month low of $18.61 and a 12-month high of $23.03. The business has a 50 day moving average of $21.47 and a 200-day moving average of $21.12. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.85 billion, a PE ratio of 61.03, a P/E/G ratio of 2.12 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $95.42 million for the quarter, compared to the consensus estimate of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities research analysts forecast that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th. Acadia Realty Trust’s dividend payout ratio is presently 235.29%.

Hedge Funds Weigh In On Acadia Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Danske Bank A S lifted its stake in Acadia Realty Trust by 600.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,800 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Acadia Realty Trust by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 547 shares during the last quarter. Nykredit A S acquired a new position in shares of Acadia Realty Trust during the 2nd quarter worth $47,000. Raymond James Financial Inc. bought a new stake in shares of Acadia Realty Trust during the 2nd quarter worth $47,000. Finally, EverSource Wealth Advisors LLC lifted its position 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 last quarter. 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.