Acadia Realty Trust (NYSE:AKR) Sets New 1-Year Low – Should You Sell?

Acadia Realty Trust (NYSE:AKR)’s stock price hit a new 52-week low during trading on Thursday. The company traded as low as $18.57 and last traded at $18.5320, with a volume of 41335 shares traded. The stock had previously closed at $18.74.

Analysts Set New Price Targets

Several research firms have issued reports on AKR. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Jefferies Financial Group raised Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup increased their target price on Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Acadia Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $24.20.

Acadia Realty Trust Stock Performance

The business has a fifty day moving average of $20.60 and a 200-day moving average of $20.96. The company has a market cap of $2.54 billion, a PE ratio of 54.34, a P/E/G ratio of 1.97 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data 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). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The business had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Acadia Realty Trust’s quarterly revenue was down 5.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Equities research analysts anticipate that Acadia Realty Trust will post 1.24 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.3%. Acadia Realty Trust’s dividend payout ratio is 235.29%.

Hedge Funds Weigh In On Acadia Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of AKR. Sequoia Financial Advisors LLC purchased a new stake in Acadia Realty Trust in the second quarter worth about $293,000. Nykredit A S purchased a new position in shares of Acadia Realty Trust during the 2nd quarter worth approximately $47,000. Corient Private Wealth LP grew its holdings in shares of Acadia Realty Trust by 1.0% during the 2nd quarter. Corient Private Wealth LP now owns 73,910 shares of the real estate investment trust’s stock worth $1,545,000 after acquiring an additional 722 shares during the period. Greenland Capital Management LP bought a new position in shares of Acadia Realty Trust in the 2nd quarter worth approximately $418,000. Finally, Readystate Asset Management LP bought a new position in shares of Acadia Realty Trust in the 2nd quarter worth approximately $3,848,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

About Acadia Realty Trust

Acadia Realty Trust (NYSE: AKR) is a self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.

The company’s retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.