Acadia Realty Trust (NYSE:AKR) Announces Earnings Results, Misses Estimates By $0.25 EPS

Acadia Realty Trust (NYSE:AKR) announced its quarterly earnings data on Tuesday. 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), Zacks reports. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.86%. The firm had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. During the same quarter in the previous year, the company earned $0.32 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Acadia Realty Trust updated its FY 2026 guidance to 1.240-1.260 EPS.

Acadia Realty Trust Stock Down 2.1%

Shares of NYSE AKR traded down $0.48 during mid-day trading on Thursday, hitting $22.15. The company had a trading volume of 307,338 shares, compared to its average volume of 1,336,467. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $21.80 and a two-hundred day simple moving average of $21.02. The company has a market capitalization of $2.96 billion, a PE ratio of 65.13 and a beta of 1.10. Acadia Realty Trust has a one year low of $18.14 and a one year high of $23.03.

Acadia Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

AKR has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. KeyCorp restated a “sector weight” rating on shares of Acadia Realty Trust in a research note on Monday, June 15th. LADENBURG THALM/SH SH raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. One investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 9,426 shares in the company, valued at $208,503.12. This represents a 72.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Acadia Realty Trust

A number of institutional investors have recently added to or reduced their stakes in AKR. Mercer Global Advisors Inc. ADV bought a new position in shares of Acadia Realty Trust in the 4th quarter valued at about $211,000. First Citizens Bank & Trust Co. acquired a new position in Acadia Realty Trust in the 4th quarter valued at about $261,000. Virtus Investment Advisers LLC acquired a new position in shares of Acadia Realty Trust in the fourth quarter valued at approximately $162,000. Wellington Management Group LLP acquired a new position in Acadia Realty Trust in the 4th quarter valued at $42,330,000. Finally, Susquehanna Portfolio Strategies LLC boosted its position in shares of Acadia Realty Trust by 70.0% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 231,612 shares of the real estate investment trust’s stock valued at $4,757,000 after acquiring an additional 95,382 shares during the period. 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.