Acadia Realty Trust (NYSE:AKR) Reaches New 52-Week High – Time to Buy?

Acadia Realty Trust (NYSE:AKR) shares reached a new 52-week high during trading on Friday . The stock traded as high as $22.52 and last traded at $22.4480, with a volume of 379817 shares trading hands. The stock had previously closed at $21.94.

Analysts Set New Price Targets

A number of research firms have issued reports on AKR. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup raised their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Finally, Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Acadia Realty Trust Stock Up 2.1%

The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 74.65, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. The stock has a 50-day moving average of $21.02 and a 200-day moving average of $20.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. The company had revenue of $102.99 million for the quarter, compared to analysts’ expectations of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. As a group, sell-side analysts forecast that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 3.6%. Acadia Realty Trust’s payout ratio is presently 266.67%.

Insider Buying and Selling at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value 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 $208,503.12. This represents a 72.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Acadia Realty Trust

A number of institutional investors have recently added to or reduced their stakes in AKR. Vanguard Group Inc. lifted its holdings in shares of Acadia Realty Trust by 0.6% in the third 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. State Street Corp boosted its holdings 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 period. Massachusetts Financial Services Co. MA grew its position in Acadia Realty Trust by 74.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after purchasing an additional 2,370,553 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of Acadia Realty Trust by 23.6% during the fourth quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock valued at $77,147,000 after buying an additional 717,826 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Acadia Realty Trust by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock valued at $69,698,000 after purchasing an additional 10,648 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

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.