Acadia Realty Trust (NYSE:AKR) Cut to “Sell” at Wall Street Zen

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

Other equities research analysts also recently issued reports about the company. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Jefferies Financial Group upgraded Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, April 30th. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock opened at $22.34 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day simple moving average is $21.82 and its 200-day simple moving average is $21.05. Acadia Realty Trust has a twelve month low of $18.14 and a twelve month high of $23.03. The firm has a market cap of $3.07 billion, a P/E ratio of 65.69 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The business had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue 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. As a group, research analysts expect that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Acadia Realty Trust’s dividend payout ratio is currently 235.29%.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the firm’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.11% of the company’s stock.

Institutional Investors Weigh In On Acadia Realty Trust

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in shares of Acadia Realty Trust by 13.6% during the fourth 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 purchasing an additional 226,124 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Acadia Realty Trust by 326.4% in the fourth quarter. AlphaQuest LLC now owns 86,348 shares of the real estate investment trust’s stock valued at $1,774,000 after purchasing an additional 66,099 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Acadia Realty Trust in the 1st quarter worth approximately $1,111,000. Strs Ohio lifted its holdings in Acadia Realty Trust by 421.7% during the 4th quarter. Strs Ohio now owns 125,200 shares of the real estate investment trust’s stock worth $2,572,000 after buying an additional 101,200 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in Acadia Realty Trust during the 4th quarter worth $563,000. 97.65% of the stock is currently owned by institutional investors.

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.