Shares of Acadia Realty Trust (NYSE:AKR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.40.
AKR has been the subject of a number of analyst reports. Truist Financial increased their price target on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Compass Point upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $23.00 to $27.00 in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd.
Check Out Our Latest Analysis on Acadia Realty Trust
Institutional Trading of Acadia Realty Trust
A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Acadia Realty Trust during the second quarter valued at approximately $103,000. Nisa Investment Advisors LLC lifted its holdings in shares of Acadia Realty Trust by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 55,378 shares of the real estate investment trust's stock worth $1,002,000 after buying an additional 3,192 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Acadia Realty Trust by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust's stock worth $930,000 after buying an additional 1,200 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Acadia Realty Trust by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,176,907 shares of the real estate investment trust's stock valued at $21,090,000 after buying an additional 8,739 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Acadia Realty Trust by 70.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,095 shares of the real estate investment trust's stock valued at $1,256,000 after acquiring an additional 28,908 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.
Acadia Realty Trust Price Performance
NYSE AKR traded down $1.06 during trading on Wednesday, hitting $24.10. 1,901,862 shares of the stock traded hands, compared to its average volume of 1,038,108. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a 12-month low of $16.09 and a 12-month high of $26.29. The firm has a 50-day simple moving average of $24.85 and a 200-day simple moving average of $22.06. The company has a market capitalization of $2.88 billion, a P/E ratio of 267.78, a price-to-earnings-growth ratio of 6.32 and a beta of 1.46.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.25). The business had revenue of $87.70 million during the quarter, compared to analysts' expectations of $70.88 million. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. As a group, analysts predict that Acadia Realty Trust will post 1.28 EPS for the current year.
Acadia Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.15%. Acadia Realty Trust's payout ratio is 844.44%.
About Acadia Realty Trust
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Get Free ReportAcadia 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.
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