Acadia Realty Trust (NYSE:AKR) Now Covered by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust (NYSE:AKR) in a report issued on Tuesday morning, MarketBeat reports. The brokerage issued a neutral rating and a $21.00 price target on the real estate investment trust’s stock.

Separately, Wall Street Zen downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Acadia Realty Trust Trading Down 1.2%

Shares of NYSE:AKR opened at $19.44 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $19.06 and a 200-day moving average of $19.71. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $26.29. The firm has a market cap of $2.55 billion, a P/E ratio of 121.48, a P/E/G ratio of 3.94 and a beta of 1.48.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The business had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. Acadia Realty Trust’s payout ratio is currently 500.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Acadia Realty Trust by 2,163.7% in the 1st quarter. GAMMA Investing LLC now owns 68,025 shares of the real estate investment trust’s stock valued at $1,425,000 after buying an additional 65,020 shares during the period. Principal Financial Group Inc. increased its stake in Acadia Realty Trust by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 670,957 shares of the real estate investment trust’s stock valued at $14,057,000 after buying an additional 16,957 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Acadia Realty Trust in the 1st quarter valued at approximately $411,000. Bank of New York Mellon Corp increased its stake in Acadia Realty Trust by 10.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,227,613 shares of the real estate investment trust’s stock valued at $25,718,000 after buying an additional 116,855 shares during the period. Finally, Arizona State Retirement System increased its stake in Acadia Realty Trust by 12.3% in the 1st quarter. Arizona State Retirement System now owns 34,321 shares of the real estate investment trust’s stock valued at $719,000 after buying an additional 3,753 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

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.