Acadia Realty Trust (NYSE:AKR) Upgraded 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 report issued on Saturday.

Several other equities research analysts have also recently weighed in on the stock. Truist Financial cut their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Zacks Research cut Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. LADENBURG THALM/SH SH began coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price objective for the company. Finally, Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $23.00 in a report on Friday, September 12th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.00.

Acadia Realty Trust Stock Down 0.5%

Shares of AKR stock opened at $20.91 on Friday. 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 $24.95. The firm has a fifty day moving average of $20.03 and a 200-day moving average of $19.55. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 174.22, a P/E/G ratio of 3.39 and a beta of 1.12.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The company had revenue of $101.01 million during the quarter, compared to the consensus estimate of $92.78 million. During the same period in the prior year, the business posted $0.32 EPS. The company’s quarterly revenue 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. As a group, equities research analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Acadia Realty Trust’s payout ratio is currently 666.67%.

Institutional Investors Weigh In On Acadia Realty Trust

A number of hedge funds have recently bought and sold shares of AKR. Vanguard Group Inc. boosted its holdings in Acadia Realty Trust by 0.6% during 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 acquiring an additional 114,473 shares during the period. State Street Corp boosted its stake in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock worth $139,802,000 after buying an additional 632,722 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Acadia Realty Trust by 10.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,367,692 shares of the real estate investment trust’s stock valued at $62,546,000 after acquiring an additional 322,607 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Acadia Realty Trust during the third quarter worth $64,526,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Acadia Realty Trust by 26.8% in the first quarter. Alliancebernstein L.P. now owns 3,076,073 shares of the real estate investment trust’s stock worth $64,444,000 after acquiring an additional 649,459 shares during the last quarter. Hedge funds and other institutional investors 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.