Acadia Realty Trust (NYSE:AKR) Sets New 12-Month Low – Here’s What Happened

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

Analysts Set New Price Targets

Several research firms have commented on AKR. Citigroup lifted their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group upgraded Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings lowered Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Truist Financial assumed coverage on Acadia Realty Trust in a research report on Thursday, October 1st. They set a “buy” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.80.

Acadia Realty Trust Price Performance

The business’s fifty day moving average is $19.90 and its 200-day moving average is $20.87. 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 firm has a market cap of $2.49 billion, a PE ratio of 53.28, a P/E/G ratio of 1.88 and a beta of 1.11.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The company had revenue of $95.42 million for the quarter, compared to the consensus estimate of $92.36 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, research analysts predict that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued 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 4.4%. Acadia Realty Trust’s dividend payout ratio (DPR) is 235.29%.

Institutional Investors Weigh In On Acadia Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nykredit A S purchased a new stake in Acadia Realty Trust during the 2nd quarter worth about $47,000. Sequoia Financial Advisors LLC bought a new position in Acadia Realty Trust in the 2nd quarter worth about $293,000. Greenland Capital Management LP purchased a new position in Acadia Realty Trust during the 2nd quarter valued at about $418,000. MQS Management LLC purchased a new position in Acadia Realty Trust during the 1st quarter valued at about $518,000. Finally, Inspire Investing LLC grew its holdings in Acadia Realty Trust by 14.8% during the 1st quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 4,125 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

About Acadia Realty Trust

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.