Acadia Realty Trust (NYSE:AKR) Reaches New 12-Month High - Time to Buy?

Key Points

• Acadia Realty Trust (NYSE:AKR) hit a new 52-week high, trading as high as $22.43 as investors continued to push the stock upward.
• Analyst sentiment is mixed but generally constructive, with multiple firms raising price targets and the consensus rating sitting at Moderate Buy with an average target of $23.00.
• The REIT posted stronger-than-expected quarterly results, beating EPS and revenue estimates, while also announcing a $0.20 quarterly dividend payable July 15 for a 3.6% yield.

Acadia Realty Trust (NYSE:AKR - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $22.43 and last traded at $22.31, with a volume of 19940 shares. The stock had previously closed at $22.34.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, March 20th. Zacks Research upgraded Acadia Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of Acadia Realty Trust from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, May 4th. Wall Street Zen raised Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Citigroup raised their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Acadia Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Acadia Realty Trust Price Performance

The company's 50 day simple moving average is $20.72 and its 200 day simple moving average is $20.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $2.98 billion, a P/E ratio of 74.42, a P/E/G ratio of 2.19 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.17. The company had revenue of $102.99 million during the quarter, compared to analyst estimates of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The firm's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. As a group, equities analysts forecast that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Acadia Realty Trust's payout ratio is 266.67%.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of Acadia Realty Trust stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares of the company's stock, valued at approximately $208,503.12. The trade was a 72.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.11% of the company's stock.

Institutional Trading of Acadia Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Acadia Realty Trust by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 19,939,618 shares of the real estate investment trust's stock valued at $401,783,000 after buying an additional 114,473 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Acadia Realty Trust by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 511,079 shares of the real estate investment trust's stock worth $10,298,000 after acquiring an additional 64,644 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Acadia Realty Trust by 80.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 73,453 shares of the real estate investment trust's stock worth $1,480,000 after acquiring an additional 32,827 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Acadia Realty Trust by 15,825.5% during the 4th quarter. SG Americas Securities LLC now owns 1,254,292 shares of the real estate investment trust's stock worth $25,763,000 after acquiring an additional 1,246,416 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Acadia Realty Trust in the fourth quarter valued at approximately $1,122,000. Institutional investors and hedge funds own 97.65% of the company's stock.

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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