Acadia Realty Trust (NYSE:AKR) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Acadia Realty Trust (NYSE:AKR) from a sell rating to a hold rating in a research report released on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $23.00 in a research note on Friday, September 12th. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Saturday, September 27th. Finally, LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They set a “neutral” rating and a $21.00 target price for the company. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.50.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $19.93 on Friday. Acadia Realty Trust has a one year low of $16.98 and a one year high of $26.29. The company has a market cap of $2.61 billion, a PE ratio of 124.57, a P/E/G ratio of 4.03 and a beta of 1.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50-day simple moving average of $19.63 and a 200-day simple moving average of $19.41.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $98.30 million for the quarter, compared to analysts’ expectations of $81.89 million. Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.Acadia Realty Trust’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. On average, equities research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. Acadia Realty Trust’s payout ratio is presently 500.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AKR. California State Teachers Retirement System increased its holdings in shares of Acadia Realty Trust by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 99,366 shares of the real estate investment trust’s stock valued at $2,401,000 after purchasing an additional 1,749 shares during the period. GAMMA Investing LLC increased its holdings in shares of Acadia Realty Trust by 2,163.7% in the first quarter. GAMMA Investing LLC now owns 68,025 shares of the real estate investment trust’s stock valued at $1,425,000 after purchasing an additional 65,020 shares during the period. Illinois Municipal Retirement Fund increased its holdings in shares of Acadia Realty Trust by 11.2% in the first quarter. Illinois Municipal Retirement Fund now owns 64,107 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 6,440 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Acadia Realty Trust by 11.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,693 shares of the real estate investment trust’s stock valued at $5,063,000 after purchasing an additional 24,292 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Acadia Realty Trust in the first quarter valued at approximately $364,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.