Acadia Realty Trust (NYSE:AKR) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Acadia Realty Trust has received an average rating of "Moderate Buy" from five brokerages, with two hold ratings and three buy ratings.
• The company's stock has a 12-month price objective of $23.50 and has recently traded at around $20.00, down $0.25.
• Acadia Realty Trust announced a quarterly dividend of $0.20, equating to an annual yield of 4.0%, with a payout ratio currently at 500.00%.

Acadia Realty Trust (NYSE:AKR - Get Free Report) has received an average rating of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.50.

A number of equities research analysts have recently commented on the company. LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They set a "neutral" rating and a $21.00 target price on the stock. Citigroup upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $23.00 in a research note on Friday, September 12th. Wall Street Zen cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Acadia Realty Trust in a research note on Saturday, September 27th.

Institutional Investors Weigh In On Acadia Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC increased its position in shares of Acadia Realty Trust by 1.4% during the first quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $801,000 after buying an additional 529 shares during the period. State of Wyoming increased its position in shares of Acadia Realty Trust by 10.8% during the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 543 shares during the period. Osaic Holdings Inc. increased its position in shares of 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 valued at $41,000 after buying an additional 547 shares during the period. Inspire Investing LLC increased its position in shares of Acadia Realty Trust by 3.4% during the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 640 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Acadia Realty Trust by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 18,092 shares of the real estate investment trust's stock worth $336,000 after purchasing an additional 734 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded down $0.25 during mid-day trading on Friday, reaching $20.00. 1,984,508 shares of the company's stock were exchanged, compared to its average volume of 1,780,271. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 124.98, a price-to-earnings-growth ratio of 4.08 and a beta of 1.47. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $26.29. 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 firm has a 50-day moving average price of $19.58 and a two-hundred day moving average price of $19.46.

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

Acadia Realty Trust Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.