Acadia Realty Trust (NYSE:AKR) Stock Passes Above 200-Day Moving Average of $14.13

Acadia Realty Trust (NYSE:AKR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.13 and traded as high as $14.87. Acadia Realty Trust shares last traded at $14.87, with a volume of 737,354 shares traded.

Analyst Ratings Changes

AKR has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Acadia Realty Trust in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Truist Financial reiterated a “buy” rating and issued a $17.00 price target on shares of Acadia Realty Trust in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.33.

Acadia Realty Trust Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $14.99 and its 200-day moving average is $14.13. The company has a market capitalization of $1.42 billion, a P/E ratio of -43.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 4.84%. Acadia Realty Trust’s dividend payout ratio is currently -211.76%.

Institutional Trading of Acadia Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of AKR. Belpointe Asset Management LLC bought a new stake in Acadia Realty Trust during the 4th quarter valued at about $25,000. Allspring Global Investments Holdings LLC grew its stake in shares of Acadia Realty Trust by 3,220.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,793 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,739 shares during the period. CWM LLC grew its stake in shares of Acadia Realty Trust by 46.3% in the second quarter. CWM LLC now owns 2,174 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 688 shares during the period. US Asset Management LLC bought a new stake in shares of Acadia Realty Trust in the fourth quarter worth approximately $37,000. Finally, Quantbot Technologies LP bought a new stake in shares of Acadia Realty Trust in the first quarter worth approximately $45,000.

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.