Acadia Realty Trust (NYSE:AKR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Acadia Realty Trust (NYSE:AKR) from a sell rating to a hold rating in a report released on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Truist Financial increased their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, April 30th. Finally, Weiss Ratings raised Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Acadia Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Acadia Realty Trust Stock Performance

NYSE AKR opened at $20.81 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. Acadia Realty Trust has a 1-year low of $18.61 and a 1-year high of $23.03. The firm has a market capitalization of $2.86 billion, a P/E ratio of 61.22, a P/E/G ratio of 1.89 and a beta of 1.10. The business’s 50-day simple moving average is $21.60 and its 200-day simple moving average is $21.06.

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 analysts’ consensus estimates of $0.30 by ($0.25). The business 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%.The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Equities analysts predict that Acadia Realty Trust will post 1.25 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.8%. Acadia Realty Trust’s dividend payout ratio (DPR) is 235.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its stake in shares of Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 547 shares during the period. Danske Bank A S increased its stake in Acadia Realty Trust by 600.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 1,800 shares during the period. Raymond James Financial Inc. purchased a new stake in Acadia Realty Trust during the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC lifted its holdings in Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,309 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Acadia Realty Trust by 62,000.0% in the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 3,720 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

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.