Acadia Realty Trust (NYSE:AKR) Sets New 12-Month Low - Time to Sell?

Key Points

• Acadia Realty Trust shares hit a new 52-week low, falling to $18.30 and trading below both their 50-day and 200-day moving averages.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $23.80 price target, despite one downgrade to “Hold.”
• The REIT reported weaker-than-expected quarterly EPS of $0.05, while revenue exceeded estimates; it also declared a $0.20 quarterly dividend, yielding approximately 4.3%.

Shares of Acadia Realty Trust (NYSE:AKR - Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as $18.30 and last traded at $18.4040, with a volume of 1190830 shares traded. The stock had previously closed at $18.41.

Wall Street Analysts Forecast Growth

AKR has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Acadia Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. KeyCorp reiterated an "overweight" rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Citigroup upped their target price on Acadia Realty Trust from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Truist Financial initiated coverage on Acadia Realty Trust in a research note on Thursday, October 1st. They issued a "buy" rating and a $22.00 target price for the company. Finally, Wall Street Zen raised Acadia Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

Acadia Realty Trust Trading Down 0.0%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 54.13, a P/E/G ratio of 1.89 and a beta of 1.11. The company's fifty day moving average is $20.31 and its two-hundred day moving average is $20.91.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last announced its quarterly earnings data 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 business 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%. The business's revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, research analysts anticipate that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Acadia Realty Trust's dividend payout ratio is presently 235.29%.

Hedge Funds Weigh In On Acadia Realty Trust

A number of institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP increased its stake in shares of Acadia Realty Trust by 1.0% during the second quarter. Corient Private Wealth LP now owns 73,910 shares of the real estate investment trust's stock worth $1,545,000 after purchasing an additional 722 shares in the last quarter. Nykredit A S acquired a new position in shares of Acadia Realty Trust during the 2nd quarter worth about $47,000. Daiwa Securities Group Inc. lifted its stake in Acadia Realty Trust by 5.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 49,948 shares of the real estate investment trust's stock valued at $1,026,000 after buying an additional 2,387 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Acadia Realty Trust by 4.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 57,902 shares of the real estate investment trust's stock valued at $1,095,000 after buying an additional 2,463 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Acadia Realty Trust by 14.8% in the 1st quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust's stock worth $614,000 after buying an additional 4,125 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company's stock.

Acadia Realty Trust Company Profile

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.

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