Acadia Realty Trust (NYSE:AKR) Sets New 52-Week Low - What's Next?

Key Points

• Acadia Realty Trust shares fell to a new 52-week low of $18.57, below their 50-day and 200-day moving averages of $20.60 and $20.96, respectively.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $24.20, although ratings range from “Strong Buy” to “Sell.”
• The REIT missed quarterly EPS estimates—reporting $0.05 versus $0.30 expected—while revenue rose above forecasts but declined 5.1% year over year; it also declared a $0.20 quarterly dividend, yielding about 4.3%.

Acadia Realty Trust (NYSE:AKR - Get Free Report) hit a new 52-week low on Thursday. The stock traded as low as $18.57 and last traded at $18.5320, with a volume of 41335 shares changing hands. The stock had previously closed at $18.74.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. KeyCorp restated an "overweight" rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Truist Financial increased their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Wall Street Zen lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, September 5th. Weiss Ratings upgraded Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Finally, Citigroup upped their price objective on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a "buy" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Acadia Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.20.

Acadia Realty Trust Price Performance

The business's fifty day simple moving average is $20.60 and its 200-day simple moving average is $20.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.54 billion, a P/E ratio of 54.34, a PEG ratio of 1.97 and a beta of 1.09.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (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 analysts' expectations of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The company's revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, analysts forecast that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Acadia Realty Trust Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Acadia Realty Trust in the second quarter valued at $25,340,000. Wellington Management Group LLP raised its stake in shares of Acadia Realty Trust by 24.9% during the second quarter. Wellington Management Group LLP now owns 4,678,599 shares of the real estate investment trust's stock worth $97,830,000 after acquiring an additional 932,442 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Acadia Realty Trust by 23.6% in the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust's stock worth $77,147,000 after acquiring an additional 717,826 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of Acadia Realty Trust in the 2nd quarter worth approximately $3,848,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Acadia Realty Trust in the 2nd quarter valued at $3,211,000. 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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