Acadia Realty Trust (NYSE:AKR) Stock Has Average Target Price of $23.80

Shares of Acadia Realty Trust (NYSE:AKR) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $23.80.

A number of equities research analysts have issued reports on AKR shares. Citigroup increased their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Truist Financial initiated coverage on shares of Acadia Realty Trust in a report on Thursday, October 1st. They set a “buy” rating and a $22.00 price target on the stock. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings downgraded shares of Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, KeyCorp reiterated an “overweight” rating on shares of Acadia Realty Trust in a report on Wednesday, September 23rd.

Acadia Realty Trust Price Performance

Shares of AKR opened at $18.30 on Tuesday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 2.03 and a beta of 1.11. Acadia Realty Trust has a fifty-two week low of $17.96 and a fifty-two week high of $23.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $19.71 and its 200-day moving average is $20.85.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) 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 company had revenue of $95.42 million during the quarter, compared to analysts’ expectations of $92.36 million. During the same period last year, the company earned $0.32 earnings per share. Acadia Realty Trust’s revenue for the quarter 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 expect that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. Acadia Realty Trust’s payout ratio is 235.29%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP increased its stake in shares of Acadia Realty Trust by 1.0% in the 2nd quarter. Corient Private Wealth LP now owns 73,910 shares of the real estate investment trust’s stock valued at $1,545,000 after buying an additional 722 shares during the period. Nykredit A S bought a new stake in shares of Acadia Realty Trust during the second quarter worth $47,000. Resona Asset Management Co. Ltd. raised its position in shares of Acadia Realty Trust by 4.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 57,902 shares of the real estate investment trust’s stock worth $1,095,000 after acquiring an additional 2,463 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Acadia Realty Trust by 14.8% during the first quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 4,125 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Acadia Realty Trust by 24.1% during the first quarter. Sei Investments Co. now owns 41,430 shares of the real estate investment trust’s stock valued at $792,000 after acquiring an additional 8,042 shares during the period. 97.65% of the stock is owned by institutional investors and hedge funds.

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.