Acadia Realty Trust (NYSE:AKR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Acadia Realty Trust (NYSE:AKR - Get Free Report) have been given an average rating of "Moderate Buy" by the four brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of equities research analysts have recently weighed in on AKR shares. Truist Financial downgraded Acadia Realty Trust from a "buy" rating to a "hold" rating and set a $18.00 price target for the company. in a research note on Tuesday, January 16th. Jefferies Financial Group raised Acadia Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $15.00 to $20.00 in a research note on Tuesday, January 2nd. Finally, Bank of America raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $18.00 to $20.00 in a research note on Friday.

Acadia Realty Trust Stock Up 1.3 %

Shares of AKR traded up $0.22 during midday trading on Friday, reaching $16.53. 1,235,396 shares of the stock were exchanged, compared to its average volume of 1,185,882. Acadia Realty Trust has a 12-month low of $12.37 and a 12-month high of $17.73. The firm has a 50 day simple moving average of $16.71 and a 200-day simple moving average of $15.89. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 85.85 and a beta of 1.44.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Wednesday, March 27th. Acadia Realty Trust's dividend payout ratio is 378.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AKR. Quantbot Technologies LP acquired a new position in shares of Acadia Realty Trust during the 1st quarter valued at about $45,000. Federated Hermes Inc. grew its holdings in Acadia Realty Trust by 189.9% in the 3rd quarter. Federated Hermes Inc. now owns 3,285 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 2,152 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Acadia Realty Trust by 128.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,088 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 2,295 shares during the last quarter. State of Wyoming acquired a new stake in Acadia Realty Trust in the 2nd quarter valued at approximately $59,000. Finally, GAMMA Investing LLC acquired a new stake in Acadia Realty Trust in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 97.65% of the company's stock.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.