Acadia Realty Trust (NYSE:AKR) Reaches New 12-Month Low – Time to Sell?

Acadia Realty Trust (NYSE:AKR)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $17.98 and last traded at $18.0310, with a volume of 214,555 shares. The stock had previously closed at $18.26.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings lowered shares of Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Citigroup upped their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Truist Financial started coverage on Acadia Realty Trust in a research note on Thursday, October 1st. They issued a “buy” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.80.

Acadia Realty Trust Stock Up 2.1%

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 54.34, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. The firm has a 50 day simple moving average of $19.79 and a two-hundred day simple moving average of $20.86.

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 (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The company had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%. Acadia Realty Trust’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts expect that Acadia Realty Trust will post 1.25 EPS for the current year.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. Acadia Realty Trust’s payout ratio is currently 235.29%.

Institutional Investors Weigh In On Acadia Realty Trust

Several large investors have recently bought and sold shares of the company. Nykredit A S bought a new position in shares of Acadia Realty Trust during the second quarter worth $47,000. Sequoia Financial Advisors LLC bought a new stake in shares of Acadia Realty Trust in the 2nd quarter valued at $293,000. Greenland Capital Management LP acquired a new stake in Acadia Realty Trust during the 2nd quarter worth $418,000. MQS Management LLC acquired a new stake in Acadia Realty Trust during the 1st quarter worth $518,000. Finally, Inspire Investing LLC lifted its holdings in Acadia Realty Trust by 14.8% during the first quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 4,125 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

Acadia Realty Trust (NYSE: AKR) is a self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.

The company’s retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.