Acadia Realty Trust (NYSE:AKR) Reaches New 1-Year High – Time to Buy?

Acadia Realty Trust (NYSE:AKR)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.98 and last traded at $22.8540, with a volume of 82215 shares changing hands. The stock had previously closed at $22.14.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial increased their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Finally, LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Acadia Realty Trust Stock Performance

The business’s fifty day moving average price is $21.81 and its two-hundred day moving average price is $21.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.13. The stock has a market capitalization of $2.99 billion, a P/E ratio of 65.81 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS 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 business posted $0.32 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts forecast that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. Acadia Realty Trust’s payout ratio is 266.67%.

Insider Buying and Selling at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was 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 directly owned 9,426 shares in the company, valued at $208,503.12. This trade represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.11% of the company’s stock.

Institutional Investors Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Acadia Realty Trust by 13.6% during the 4th quarter. Legal & General Group Plc now owns 1,884,310 shares of the real estate investment trust’s stock worth $38,704,000 after purchasing an additional 226,124 shares during the period. AlphaQuest LLC raised its position in Acadia Realty Trust by 326.4% in the 4th quarter. AlphaQuest LLC now owns 86,348 shares of the real estate investment trust’s stock worth $1,774,000 after purchasing an additional 66,099 shares during the period. Louisiana State Employees Retirement System bought a new stake in Acadia Realty Trust in the first quarter worth about $1,111,000. Strs Ohio boosted its position in shares of Acadia Realty Trust by 421.7% during the fourth quarter. Strs Ohio now owns 125,200 shares of the real estate investment trust’s stock valued at $2,572,000 after buying an additional 101,200 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of Acadia Realty Trust during the fourth quarter valued at approximately $563,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

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.