Acadia Realty Trust (NYSE:AKR) Receives $23.50 Average PT from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.50.

AKR has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, April 30th. Zacks Research raised shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Citigroup increased their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th.

Insider Buying and Selling at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total transaction of $553,000.00. Following the completion of the transaction, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Acadia Realty Trust

A number of hedge funds have recently made changes to their positions in AKR. Vanguard Group Inc. boosted its position in Acadia Realty Trust by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust’s stock valued at $401,783,000 after buying an additional 114,473 shares during the period. Public Sector Pension Investment Board boosted its position in Acadia Realty Trust by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 511,079 shares of the real estate investment trust’s stock valued at $10,298,000 after buying an additional 64,644 shares during the period. Legal & General Group Plc boosted its position in Acadia Realty Trust by 13.6% in the 4th quarter. Legal & General Group Plc now owns 1,884,310 shares of the real estate investment trust’s stock valued at $38,704,000 after buying an additional 226,124 shares during the period. SG Americas Securities LLC boosted its position in Acadia Realty Trust by 15,825.5% in the 4th quarter. SG Americas Securities LLC now owns 1,254,292 shares of the real estate investment trust’s stock valued at $25,763,000 after buying an additional 1,246,416 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Acadia Realty Trust by 80.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 73,453 shares of the real estate investment trust’s stock valued at $1,480,000 after buying an additional 32,827 shares during the period. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 0.2%

Shares of NYSE AKR opened at $21.68 on Wednesday. The company has a 50 day simple moving average of $21.47 and a 200-day simple moving average of $20.74. The company has a market capitalization of $2.89 billion, a P/E ratio of 72.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. Acadia Realty Trust has a 1 year low of $18.04 and a 1 year high of $22.90.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.17. The business had revenue of $102.99 million during the quarter, compared to the consensus estimate of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, equities research analysts predict that Acadia Realty Trust will post 1.23 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.7%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 266.67%.

Acadia Realty Trust Company Profile

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.