Reginald Livingston Sells 25,000 Shares of Acadia Realty Trust (NYSE:AKR) Stock

Acadia Realty Trust (NYSE:AKR) EVP Reginald Livingston sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total value of $553,000.00. Following the transaction, the executive vice president directly owned 9,426 shares in the company, valued at $208,503.12. This represents a 72.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Acadia Realty Trust Stock Down 0.8%

Acadia Realty Trust stock opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day simple moving average is $20.53 and its two-hundred day simple moving average is $20.35. The company has a market cap of $2.91 billion, a PE ratio of 72.57, a PEG ratio of 2.19 and a beta of 1.10. Acadia Realty Trust has a fifty-two week low of $18.04 and a fifty-two week high of $22.36.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.17. The business had revenue of $102.99 million for the quarter, compared to the consensus estimate of $94.21 million. Acadia Realty Trust had a return on equity of 1.51% and a net margin of 9.77%.The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Equities analysts anticipate that Acadia Realty Trust will post 1.24 EPS for the current year.

Acadia Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.7%. Acadia Realty Trust’s dividend payout ratio is presently 266.67%.

Institutional Trading of Acadia Realty Trust

Several hedge funds have recently modified their holdings of AKR. Osaic Holdings Inc. raised its stake in shares of Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 547 shares in the last quarter. Danske Bank A S raised its stake in Acadia Realty Trust by 600.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Acadia Realty Trust in the second quarter valued at $47,000. Hantz Financial Services Inc. raised its stake in Acadia Realty Trust by 90.3% in the third quarter. Hantz Financial Services Inc. now owns 2,622 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Acadia Realty Trust by 342.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,309 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AKR shares. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, April 30th. Citigroup increased their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. increased their price target on Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Zacks Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

About Acadia Realty Trust

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.