Acadia Realty Trust (NYSE:AKR) Hits New 12-Month High – Should You Buy?

Acadia Realty Trust (NYSE:AKR)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.52 and last traded at $22.4480, with a volume of 379817 shares traded. The stock had previously closed at $21.94.

Wall Street Analysts Forecast Growth

AKR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Citigroup lifted their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. LADENBURG THALM/SH SH upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Acadia Realty Trust Stock Up 2.1%

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 market cap of $2.99 billion, a PE ratio of 74.65, a P/E/G ratio of 2.24 and a beta of 1.10. The business has a fifty day moving average price of $21.08 and a two-hundred day moving average price of $20.64.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The business had revenue of $102.99 million for the quarter, compared to the consensus estimate of $94.21 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Acadia Realty Trust’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. On average, analysts anticipate that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.6%. Acadia Realty Trust’s payout ratio is 266.67%.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares in the company, valued at $208,503.12. The trade was a 72.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AKR. Osaic Holdings Inc. grew its stake in 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 in the last quarter. Danske Bank A S grew its stake in Acadia Realty Trust by 600.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,800 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Acadia Realty Trust in the second quarter valued at about $47,000. Hantz Financial Services Inc. grew its stake in Acadia Realty Trust by 90.3% in the third quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 purchasing an additional 2,309 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

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.