Acadia Realty Trust (NYSE:AKR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Acadia Realty Trust (NYSE:AKR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.84 and traded as high as $20.04. Acadia Realty Trust shares last traded at $19.9980, with a volume of 1,495,786 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on AKR shares. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, January 21st. Finally, Truist Financial cut their price target on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

Acadia Realty Trust Price Performance

The company has a 50 day moving average of $20.41 and a 200 day moving average of $19.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 166.66, a PEG ratio of 3.42 and a beta of 1.13.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $92.78 million. During the same quarter last year, the business posted $0.32 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Acadia Realty Trust’s dividend payout ratio is 666.67%.

Hedge Funds Weigh In On Acadia Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AKR. Yousif Capital Management LLC lifted its position in shares of Acadia Realty Trust by 11.1% during the 2nd quarter. Yousif Capital Management LLC now owns 48,746 shares of the real estate investment trust’s stock worth $905,000 after buying an additional 4,884 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Acadia Realty Trust by 8.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 76,700 shares of the real estate investment trust’s stock worth $1,424,000 after acquiring an additional 5,651 shares in the last quarter. Easterly Investment Partners LLC lifted its position in Acadia Realty Trust by 13.3% in the second quarter. Easterly Investment Partners LLC now owns 590,795 shares of the real estate investment trust’s stock valued at $10,971,000 after acquiring an additional 69,342 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Acadia Realty Trust by 5.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,209 shares of the real estate investment trust’s stock valued at $4,739,000 after acquiring an additional 13,516 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Acadia Realty Trust by 6.3% during the second quarter. Asset Management One Co. Ltd. now owns 186,937 shares of the real estate investment trust’s stock worth $3,471,000 after purchasing an additional 11,040 shares during the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

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.