Acadia Realty Trust (NYSE:AKR) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Acadia Realty Trust (AKR) crossed above its 200‑day moving average
• The company missed quarterly EPS ($0.04 vs. $0.32 expected) despite revenue rising 12.3% year‑over‑year, and announced a $0.20 quarterly dividend (3.9% yield) with a notably high payout ratio of 888.89%.
• Analyst coverage is mixed: the consensus is a Hold with a $22.25 average price target, though Citigroup and JPMorgan recently raised targets and ratings vary (two Buys, four Holds).

Acadia Realty Trust (NYSE:AKR - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.16 and traded as high as $20.78. Acadia Realty Trust shares last traded at $20.76, with a volume of 1,139,557 shares changing hands.

Analyst Upgrades and Downgrades

AKR has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Acadia Realty Trust from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, March 20th. Zacks Research upgraded shares of Acadia Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Wall Street Zen lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Acadia Realty Trust in a research report on Wednesday, January 21st. Finally, Citigroup boosted their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $22.25.

Acadia Realty Trust Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 230.69, a PEG ratio of 2.08 and a beta of 1.11. The stock's fifty day moving average is $20.28 and its 200-day moving average is $20.16.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.28). Acadia Realty Trust had a return on equity of 0.49% and a net margin of 3.22%.The firm had revenue of $104.77 million during the quarter, compared to analyst estimates of $92.19 million. During the same quarter last year, the business posted $0.32 earnings per share. The company's revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.9%. Acadia Realty Trust's payout ratio is currently 888.89%.

Institutional Investors Weigh In On Acadia Realty Trust

Large investors have recently modified their holdings of the business. Osaic Holdings Inc. raised 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 worth $41,000 after purchasing an additional 547 shares during the period. Danske Bank A S grew its position in shares of Acadia Realty Trust by 600.0% in the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 1,800 shares during the period. Raymond James Financial Inc. bought a new stake in Acadia Realty Trust during the 2nd quarter worth approximately $47,000. Hantz Financial Services Inc. increased its stake in Acadia Realty Trust by 90.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock worth $55,000 after buying an additional 2,309 shares during the period. 97.65% of the stock is currently owned by institutional investors.

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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