Acadia Realty Trust (NYSE:AKR) Receives Average Recommendation of “Hold” from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have received an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $22.00.

AKR has been the topic of a number of research reports. Zacks Research lowered shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Truist Financial cut their price objective on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Friday, September 12th. Wall Street Zen downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, LADENBURG THALM/SH SH began coverage on Acadia Realty Trust in a report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price target on the stock.

Acadia Realty Trust Price Performance

Shares of AKR stock opened at $19.83 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $25.50. The firm has a fifty day moving average of $19.79 and a 200-day moving average of $19.48. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 165.26, a price-to-earnings-growth ratio of 3.26 and a beta of 1.12.

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

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.0%. Acadia Realty Trust’s payout ratio is presently 666.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its stake in Acadia Realty Trust by 189.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 902 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 547 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Acadia Realty Trust during the second quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its position in Acadia Realty Trust by 342.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 2,309 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Acadia Realty Trust by 57.7% during the second quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 1,873 shares during the last quarter. 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.