Acadia Realty Trust (NYSE:AKR) Given Consensus Rating of "Moderate Buy" by Analysts

Acadia Realty Trust (NYSE:AKR - Get Free Report) has received an average recommendation of "Moderate Buy" from the five analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $21.60.

Several equities analysts have recently issued reports on AKR shares. Truist Financial upped their price target on Acadia Realty Trust from $18.00 to $23.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. StockNews.com raised Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Finally, Compass Point upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and upped their price objective for the company from $23.00 to $27.00 in a report on Thursday, October 10th.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock traded up $0.22 on Friday, reaching $25.22. The company's stock had a trading volume of 1,044,592 shares, compared to its average volume of 1,325,705. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 279.83, a PEG ratio of 6.32 and a beta of 1.46. The business's fifty day moving average price is $23.97 and its 200 day moving average price is $20.96. Acadia Realty Trust has a twelve month low of $14.72 and a twelve month high of $25.58.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 EPS 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 analyst estimates of $70.88 million. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. Acadia Realty Trust's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. Equities analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.01%. Acadia Realty Trust's dividend payout ratio (DPR) is currently 844.44%.

Institutional Investors Weigh In On Acadia Realty Trust

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Acadia Realty Trust by 7.7% in the first quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust's stock worth $283,775,000 after acquiring an additional 1,192,138 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Acadia Realty Trust by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust's stock worth $150,511,000 after buying an additional 388,067 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Acadia Realty Trust by 2.4% during the second 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. Crossmark Global Holdings Inc. bought a new position in shares of Acadia Realty Trust during the third quarter worth about $202,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Acadia Realty Trust by 1.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 136,073 shares of the real estate investment trust's stock worth $2,234,000 after buying an additional 2,290 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

Acadia Realty Trust Company Profile

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.