LADENBURG THALM/SH SH Begins Coverage on Acadia Realty Trust (NYSE:AKR)

Key Points

• LADENBURG THALM/SH SH has initiated coverage on Acadia Realty Trust with a "neutral" rating and a $21.00 price target, indicating a potential upside of 6.73% from the current price.
• Acadia Realty Trust's quarterly earnings report showed an EPS of $0.32, which was below analysts' expectations of $0.33, though revenue increased by 15.3% year-over-year.
• Institutional investors own 97.65% of Acadia Realty Trust's stock, with significant position increases from hedge funds in the last quarter.

LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust (NYSE:AKR - Free Report) in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $21.00 price target on the real estate investment trust's stock.

Separately, Wall Street Zen downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Acadia Realty Trust has an average rating of "Moderate Buy" and an average target price of $23.50.

Acadia Realty Trust Price Performance

NYSE AKR traded up $0.40 during trading hours on Tuesday, hitting $20.17. 2,141,544 shares of the company's stock traded hands, compared to its average volume of 1,275,072. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $2.64 billion, a PE ratio of 126.07, a PEG ratio of 3.88 and a beta of 1.48. The firm's 50-day moving average is $19.10 and its 200-day moving average is $19.69. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The company had revenue of $98.30 million during the quarter, compared to analyst estimates of $81.89 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business's revenue was up 15.3% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Equities analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Acadia Realty Trust's dividend payout ratio is 500.00%.

Institutional Investors Weigh In On Acadia Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of AKR. Hantz Financial Services Inc. lifted its holdings in shares of Acadia Realty Trust by 189.5% during the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 902 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of 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 buying an additional 547 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Acadia Realty Trust during the 4th quarter worth approximately $46,000. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust during the second quarter valued at approximately $47,000. Finally, EverSource Wealth Advisors LLC raised 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 buying an additional 2,309 shares during the period. Institutional investors and hedge funds own 97.65% of the company's stock.

About Acadia Realty Trust

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.