Acadia Realty Trust (NYSE:AKR) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Acadia Realty Trust (NYSE:AKR)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.76 and traded as high as $21.11. Acadia Realty Trust shares last traded at $21.0550, with a volume of 2,388,976 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Truist Financial decreased their target price on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Zacks Research lowered shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Finally, Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Stock Performance

The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 173.61, a price-to-earnings-growth ratio of 3.60 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $20.41 and a 200-day simple moving average of $19.77.

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

Acadia Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Acadia Realty Trust’s payout ratio is presently 666.67%.

Institutional Investors Weigh In On Acadia Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in shares of 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 worth $26,000 after purchasing an additional 902 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 547 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Acadia Realty Trust in the second quarter valued at $47,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 2,309 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 worth $95,000 after acquiring an additional 1,873 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

About Acadia Realty Trust

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.