Acadia Realty Trust (NYSE:AKR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Acadia Realty Trust received a “Moderate Buy” consensus rating from eight analysts, with five buy ratings, one strong-buy rating, and an average price target of $24.20 versus a recent share price of $21.05.
• Institutional ownership is substantial at 97.65%, with major investors including State Street and Wellington Management increasing their positions.
• The REIT missed quarterly EPS expectations, reporting $0.05 versus the $0.30 consensus, while revenue exceeded estimates at $95.42 million. Acadia also declared a $0.20 quarterly dividend, representing a 3.8% annualized yield.

Acadia Realty Trust (NYSE:AKR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.20.

A number of research analysts recently issued reports on the company. Jefferies Financial Group raised Acadia Realty Trust to a "strong-buy" rating in a report on Friday, June 26th. Truist Financial raised their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Citigroup boosted their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a report on Thursday, April 30th.

Institutional Investors Weigh In On Acadia Realty Trust

Several hedge funds have recently modified their holdings of AKR. State Street Corp boosted its position in shares of Acadia Realty Trust by 9.3% in the 2nd quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust's stock valued at $139,802,000 after purchasing an additional 632,722 shares during the period. Wellington Management Group LLP lifted its stake in Acadia Realty Trust by 24.9% during 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 buying an additional 932,442 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Acadia Realty Trust by 23.6% in the fourth quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust's stock worth $77,147,000 after buying an additional 717,826 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Acadia Realty Trust by 1,938.9% in the second quarter. California State Teachers Retirement System now owns 3,458,451 shares of the real estate investment trust's stock worth $72,316,000 after buying an additional 3,288,825 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Acadia Realty Trust by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust's stock worth $69,698,000 after acquiring an additional 10,648 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.

Acadia Realty Trust Stock Performance

AKR opened at $21.05 on Monday. The business has a 50 day moving average price of $21.50 and a two-hundred day moving average price of $21.11. 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 company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 61.91, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. 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 issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Research analysts predict that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. Acadia Realty Trust's dividend payout ratio (DPR) is currently 235.29%.

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.

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