Acadia Realty Trust (NYSE:AKR) Upgraded to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Acadia Realty Trust (NYSE:AKR) to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on AKR. 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. Wall Street Zen raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. KeyCorp reissued a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Acadia Realty Trust Price Performance

NYSE AKR opened at $21.89 on Friday. Acadia Realty Trust has a 52 week low of $18.04 and a 52 week high of $22.90. The firm has a market capitalization of $2.92 billion, a P/E ratio of 72.96 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $21.64 and a 200-day moving average price of $20.82.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.17. The firm 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 business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Equities research analysts anticipate that Acadia Realty Trust will post 1.23 earnings per share for the current 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 paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. 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 266.67%.

Insider Transactions at Acadia Realty Trust

In related news, EVP Reginald Livingston sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was 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 of the company’s stock, valued at approximately $208,503.12. The trade was a 72.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds have recently modified their holdings of the stock. Danske Bank A S boosted its position in shares of Acadia Realty Trust by 600.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,800 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Acadia Realty Trust by 32.8% in the 2nd 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in Acadia Realty Trust in the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC grew its position in shares of Acadia Realty Trust by 342.1% during 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 purchasing an additional 2,309 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Acadia Realty Trust by 62,000.0% during the fourth quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,720 shares in the last quarter. 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 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.