Acadia Realty Trust (NYSE:AKR) Sets New 52-Week High – What’s Next?

Acadia Realty Trust (NYSE:AKR)’s share price reached a new 52-week high on Wednesday . The company traded as high as $22.43 and last traded at $22.31, with a volume of 19940 shares trading hands. The stock had previously closed at $22.34.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AKR. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, April 30th. Citigroup upped their target price 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. Finally, Zacks Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Acadia Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Acadia Realty Trust Trading Up 0.1%

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 74.42, a P/E/G ratio of 2.19 and a beta of 1.10. The business’s 50-day moving average price is $20.72 and its two-hundred day moving average price is $20.54.

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

Acadia Realty Trust Announces Dividend

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

Insider Buying and Selling

In other Acadia Realty Trust 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Acadia Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Amundi increased its holdings in shares of Acadia Realty Trust by 41.6% during the first quarter. Amundi now owns 123,365 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 36,270 shares in the last quarter. California State Teachers Retirement System raised its holdings in Acadia Realty Trust by 34.8% in the 1st quarter. California State Teachers Retirement System now owns 169,626 shares of the real estate investment trust’s stock valued at $3,243,000 after buying an additional 43,780 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Acadia Realty Trust by 293.3% during the 1st quarter. Quantinno Capital Management LP now owns 117,831 shares of the real estate investment trust’s stock worth $2,253,000 after acquiring an additional 87,870 shares during the last quarter. Sei Investments Co. raised its stake in shares of Acadia Realty Trust by 24.1% during the first quarter. Sei Investments Co. now owns 41,430 shares of the real estate investment trust’s stock valued at $792,000 after acquiring an additional 8,042 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Acadia Realty Trust by 247.1% in the first quarter. First Trust Advisors LP now owns 82,027 shares of the real estate investment trust’s stock worth $1,568,000 after purchasing an additional 58,395 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

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.