Acadia Realty Trust (NYSE:AKR) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Acadia Realty Trust shares crossed above their 200‑day moving average
• The company reported an EPS of $0.04 (miss vs. $0.32 estimate) while revenue rose 12.3% to $104.77M, and it declared a $0.20 quarterly dividend (annualized yield ~3.9%).
• Analysts are mixed with a consensus "Hold" rating and $22.33 target (2 Buys, 2 Holds, 1 Sell); the stock has a $2.67B market cap and a high trailing P/E of 226.78.

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 $20.21 and traded as high as $20.67. Acadia Realty Trust shares last traded at $20.4080, with a volume of 660,570 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Citigroup lifted 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 note on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Acadia Realty Trust in a research note on Wednesday, January 21st. Finally, Truist Financial lowered their price target on Acadia Realty Trust from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Acadia Realty Trust currently has an average rating of "Hold" and a consensus target price of $22.33.

Acadia Realty Trust Stock Performance

The company has a market cap of $2.67 billion, a PE ratio of 226.78, a P/E/G ratio of 2.02 and a beta of 1.09. The stock's 50-day simple moving average is $20.60 and its 200 day simple moving average is $20.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

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

Acadia Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.20 dividend. 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 dividend payout ratio is presently 888.89%.

Hedge Funds Weigh In On Acadia Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in AKR. Hsbc Holdings PLC boosted its holdings in Acadia Realty Trust by 22.0% during the fourth quarter. Hsbc Holdings PLC now owns 217,339 shares of the real estate investment trust's stock worth $4,464,000 after buying an additional 39,212 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Acadia Realty Trust during the 4th quarter worth approximately $211,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Acadia Realty Trust in the 4th quarter worth approximately $261,000. Virtus Investment Advisers LLC purchased a new position in Acadia Realty Trust in the 4th quarter valued at approximately $162,000. Finally, Wellington Management Group LLP acquired a new position in Acadia Realty Trust during the fourth quarter worth $42,330,000. 97.65% of the stock is owned by institutional investors and hedge funds.

Acadia Realty Trust Company Profile

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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