Acadia Realty Trust (NYSE:AKR) Stock Has Consensus Target Price of $23.80 According to Analysts

Key Points

• Analyst sentiment is moderately bullish: Acadia Realty Trust has a consensus “Moderate Buy” rating from eight analysts, with an average 12-month price target of $23.80 versus shares trading at $18.36.
• The company reported quarterly EPS of $0.05, missing the $0.30 consensus estimate, although revenue of $95.42 million exceeded expectations. Revenue declined 5.1% year over year.
• Acadia declared a quarterly dividend of $0.20 per share, equal to an annualized $0.80 and a 4.4% yield; institutional investors and hedge funds own 97.65% of the stock.

Acadia Realty Trust (NYSE:AKR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.80.

A number of equities analysts have recently commented on the stock. KeyCorp reaffirmed an "overweight" rating on shares of Acadia Realty Trust in a report on Wednesday, September 23rd. Wall Street Zen upgraded shares of Acadia Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, October 3rd. Weiss Ratings cut shares of Acadia Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 2nd. Jefferies Financial Group raised shares of Acadia Realty Trust to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Truist Financial assumed coverage on shares of Acadia Realty Trust in a research report on Thursday, October 1st. They issued a "buy" rating and a $22.00 price target for the company.

Acadia Realty Trust Trading Up 0.6%

Shares of Acadia Realty Trust stock opened at $18.36 on Tuesday. Acadia Realty Trust has a 1 year low of $17.98 and a 1 year high of $23.03. The company's fifty day simple moving average is $19.97 and its 200-day simple moving average is $20.87. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 53.99, a PEG ratio of 1.87 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The company 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%. Acadia Realty Trust's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts expect that Acadia Realty Trust will post 1.25 EPS for the current year.

Acadia Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust's payout ratio is presently 235.29%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new stake in Acadia Realty Trust during the 2nd quarter valued at $293,000. Nykredit A S bought a new position in Acadia Realty Trust in the 2nd quarter valued at $47,000. Corient Private Wealth LP raised its position in Acadia Realty Trust by 1.0% in the 2nd quarter. Corient Private Wealth LP now owns 73,910 shares of the real estate investment trust's stock valued at $1,545,000 after purchasing an additional 722 shares during the last quarter. Greenland Capital Management LP acquired a new position in Acadia Realty Trust in the second quarter worth $418,000. Finally, Readystate Asset Management LP acquired a new position in Acadia Realty Trust in the second quarter worth $3,848,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

About Acadia Realty Trust

Acadia Realty Trust NYSE: AKR is a self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.

The company's retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.