Acadia Realty Trust (NYSE:AKR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

by · The Markets Daily

Shares of Acadia Realty Trust (NYSE:AKR – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $24.20.

AKR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Truist Financial lifted their price objective on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Citigroup boosted their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th.

Read Our Latest Stock Analysis on Acadia Realty Trust

Acadia Realty Trust Trading Down 0.4%

Shares of NYSE AKR opened at $19.32 on Friday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 56.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. 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 business has a fifty day moving average price of $21.09 and a 200 day moving average price of $21.07. Acadia Realty Trust has a 1-year low of $18.61 and a 1-year high of $23.03.

Acadia Realty Trust (NYSE:AKR – Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS 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 firm had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $92.36 million. During the same period in the previous year, the company earned $0.32 EPS. The company’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. Equities research analysts expect that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

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 issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. Acadia Realty Trust’s payout ratio is presently 235.29%.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in shares of Acadia Realty Trust by 24.9% in the second quarter. Wellington Management Group LLP now owns 4,678,599 shares of the real estate investment trust’s stock valued at $97,830,000 after acquiring an additional 932,442 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Acadia Realty Trust by 23.6% in the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock valued at $77,147,000 after purchasing an additional 717,826 shares in the last quarter. Geode Capital Management LLC boosted its stake in Acadia Realty Trust by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock worth $69,698,000 after purchasing an additional 10,648 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Acadia Realty Trust by 13.6% during the fourth quarter. Legal & General Group Plc now owns 1,884,310 shares of the real estate investment trust’s stock worth $38,704,000 after buying an additional 226,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Acadia Realty Trust by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,863,349 shares of the real estate investment trust’s stock valued at $35,627,000 after buying an additional 63,109 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

(Get Free Report)

Acadia Realty Trust is a self-managed and self-administered real estate investment trust that owns, operates and invests in retail properties across the United States. The company focuses primarily on shopping centers, grocery-anchored centers and urban street-retail properties, with an emphasis on locations in densely populated and high-barrier-to-entry markets.

Acadia operates through two complementary platforms. Its Core Portfolio owns and manages retail properties intended to generate recurring rental income, while its Funds Management platform invests in retail real estate through discretionary investment funds and other investment vehicles on behalf of institutional partners.

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