Acadia Realty Trust (NYSE:AKR) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Acadia Realty Trust (NYSE:AKR) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

AKR has been the subject of several other reports. Weiss Ratings upgraded Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Truist Financial lifted their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a report on Friday, June 26th. 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 report on Thursday, April 30th. Finally, KeyCorp restated a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Acadia Realty Trust Price Performance

Shares of AKR opened at $22.43 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.13 and a debt-to-equity ratio of 0.61. Acadia Realty Trust has a twelve month low of $18.14 and a twelve month high of $23.03. The company has a market capitalization of $3.08 billion, a P/E ratio of 65.99 and a beta of 1.10. The firm has a 50 day moving average of $21.82 and a 200 day moving average of $21.04.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The business had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Acadia Realty Trust’s quarterly revenue was down 5.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities research analysts anticipate that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. Acadia Realty Trust’s payout ratio is presently 235.29%.

Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares of the company’s stock, valued at approximately $208,503.12. This represents a 72.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Danske Bank A S increased its holdings in 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 valued at $43,000 after buying an additional 1,800 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Acadia Realty Trust by 32.8% during 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. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust during the 2nd quarter valued at approximately $47,000. EverSource Wealth Advisors LLC raised its stake in Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Acadia Realty Trust by 62,000.0% in the fourth quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 3,720 shares during 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.