Acadia Realty Trust (NYSE:AKR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.3333.

A number of analysts recently issued reports on the stock. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Friday, September 12th. Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. LADENBURG THALM/SH SH assumed coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Finally, Zacks Research cut Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd.

Acadia Realty Trust Trading Up 2.5%

Shares of AKR opened at $20.15 on Friday. Acadia Realty Trust has a one year low of $16.98 and a one year high of $26.29. The stock has a 50-day moving average price of $19.81 and a 200 day moving average price of $19.42. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $2.64 billion, a P/E ratio of 167.93, a P/E/G ratio of 2.78 and a beta of 1.44.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $101.01 million for the quarter, compared to analyst estimates of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.Acadia Realty Trust’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio is currently 666.67%.

Institutional Trading of Acadia Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its position in shares of Acadia Realty Trust by 189.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 902 shares during the last quarter. Osaic Holdings Inc. raised its stake in Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 547 shares during the period. Raymond James Financial Inc. bought a new position in Acadia Realty Trust in the second quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its stake in Acadia Realty Trust by 342.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,309 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Acadia Realty Trust by 57.7% during the second quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 1,873 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.