Jefferies Financial Group Upgrades Acadia Realty Trust (NYSE:AKR) to “Strong-Buy”

Acadia Realty Trust (NYSE:AKR) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Other research analysts have also issued reports about the company. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. 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. JPMorgan Chase & Co. boosted their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Finally, Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.50.

Acadia Realty Trust Stock Up 0.9%

Shares of AKR opened at $21.89 on Friday. Acadia Realty Trust has a one year low of $18.04 and a one year high of $22.90. The company has a market cap of $2.92 billion, a P/E ratio of 72.96 and a beta of 1.10. 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 firm has a 50 day simple moving average of $21.64 and a two-hundred day simple moving average of $20.82.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results 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 net margin of 9.77% and a return on equity of 1.51%. The firm had revenue of $102.99 million during the quarter, compared to analysts’ expectations of $94.21 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts forecast that Acadia Realty Trust will post 1.23 EPS for the current fiscal year.

Insider Transactions at Acadia Realty Trust

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 transaction of $553,000.00. Following the transaction, the executive vice president directly owned 9,426 shares in the company, valued at approximately $208,503.12. This trade represents a 72.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of Acadia Realty Trust by 83.2% in the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Acadia Realty Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust’s stock valued at $1,461,000 after purchasing an additional 3,045 shares during the period. Millennium Management LLC increased its position in Acadia Realty Trust by 31.1% in the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust’s stock worth $16,993,000 after buying an additional 192,267 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Acadia Realty Trust by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust’s stock worth $17,145,000 after buying an additional 82,974 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Acadia Realty Trust during the 1st quarter valued at $1,284,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

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.