Acadia Realty Trust (NYSE:AKR) Sees Strong Trading Volume on Analyst Upgrade

Acadia Realty Trust (NYSE:AKR) saw strong trading volume on Wednesday after Truist Financial raised their price target on the stock from $23.00 to $24.00. Truist Financial currently has a buy rating on the stock. 1,122,290 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 1,194,647 shares.The stock last traded at $21.6460 and had previously closed at $22.53.

Other equities research analysts have also issued research reports about the stock. Citigroup increased their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings raised Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Finally, Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Insider Activity at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.12, for a total transaction of $553,000.00. Following the completion of the sale, the executive vice president owned 9,426 shares of the company’s stock, valued at $208,503.12. This represents a 72.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Acadia Realty Trust

Several institutional investors have recently made changes to their positions in the stock. Amundi lifted its holdings in shares of Acadia Realty Trust by 41.6% in the 1st quarter. Amundi now owns 123,365 shares of the real estate investment trust’s stock worth $2,359,000 after purchasing an additional 36,270 shares during the last quarter. California State Teachers Retirement System increased its position in Acadia Realty Trust by 34.8% in the first quarter. California State Teachers Retirement System now owns 169,626 shares of the real estate investment trust’s stock worth $3,243,000 after buying an additional 43,780 shares during the period. Quantinno Capital Management LP increased its position in Acadia Realty Trust by 293.3% in the first quarter. Quantinno Capital Management LP now owns 117,831 shares of the real estate investment trust’s stock worth $2,253,000 after buying an additional 87,870 shares during the period. Sei Investments Co. lifted its stake in Acadia Realty Trust by 24.1% in the first quarter. Sei Investments Co. now owns 41,430 shares of the real estate investment trust’s stock valued at $792,000 after buying an additional 8,042 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Acadia Realty Trust by 247.1% in the first quarter. First Trust Advisors LP now owns 82,027 shares of the real estate investment trust’s stock valued at $1,568,000 after buying an additional 58,395 shares during the last quarter. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Trading Down 4.0%

The company has a market cap of $2.89 billion, a price-to-earnings ratio of 72.12, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s fifty day moving average price is $21.22 and its 200-day moving average price is $20.69.

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

Acadia Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.7%. Acadia Realty Trust’s payout ratio is currently 266.67%.

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.