Acadia Realty Trust (NYSE:AKR) Stock Passes Above 200 Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemAcadia Realty Trust (NYSE:AKR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.76 and traded as high as $21.11. Acadia Realty Trust shares last traded at $21.0550, with a volume of 2,388,976 shares traded.
Analyst Ratings Changes
AKR has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Zacks Research cut Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Truist Financial dropped their target price on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Acadia Realty Trust currently has a consensus rating of “Hold” and an average target price of $22.00.
Check Out Our Latest Stock Analysis on Acadia Realty Trust
Acadia Realty Trust Stock Performance
The stock has a market cap of $2.76 billion, a P/E ratio of 175.47, a price-to-earnings-growth ratio of 3.60 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $20.40 and a 200 day simple moving average of $19.76.
Acadia Realty Trust (NYSE:AKR – Get Free Report) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The firm had revenue of $101.01 million during the quarter, compared to the consensus estimate of $92.78 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, equities analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.
Acadia Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio is presently 666.67%.
Institutional Trading of Acadia Realty Trust
Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming boosted its position in shares of Acadia Realty Trust by 10.8% during the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 543 shares in the last quarter. Osaic Holdings Inc. lifted 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 purchasing an additional 547 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Acadia Realty Trust by 1.9% in the 3rd quarter. Amalgamated Bank now owns 37,530 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 697 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Acadia Realty Trust by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 173,200 shares of the real estate investment trust’s stock valued at $3,490,000 after purchasing an additional 729 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Acadia Realty Trust by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,092 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 734 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.
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.