By otakuyassine3@gmail.com 
Acadia Realty Trust (NYSE:AKR – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.40.
A number of equities analysts have recently commented on AKR shares. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Truist Financial upped their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th.
Read Our Latest Report on Acadia Realty Trust
Institutional Trading of Acadia Realty Trust
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Acadia Realty Trust by 290.3% during the third quarter. FMR LLC now owns 9,578,771 shares of the real estate investment trust’s stock valued at $224,910,000 after buying an additional 7,124,403 shares during the last quarter. Geode Capital Management LLC boosted its stake in Acadia Realty Trust by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock valued at $62,033,000 after purchasing an additional 63,672 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust’s stock worth $45,331,000 after purchasing an additional 83,180 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Acadia Realty Trust by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,469,739 shares of the real estate investment trust’s stock worth $26,337,000 after purchasing an additional 75,233 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Acadia Realty Trust by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,176,907 shares of the real estate investment trust’s stock valued at $21,090,000 after purchasing an additional 8,739 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
Acadia Realty Trust Stock Up 1.0 %
AKR opened at $24.10 on Wednesday. The company’s 50-day moving average price is $24.86 and its two-hundred day moving average price is $22.28. Acadia Realty Trust has a twelve month low of $16.09 and a twelve month high of $26.29. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 267.78, a PEG ratio of 6.41 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67.
Acadia Realty Trust (NYSE:AKR – Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The company had revenue of $87.70 million for the quarter, compared to analysts’ expectations of $70.88 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts expect that Acadia Realty Trust will post 1.28 earnings per share for the current year.
Acadia Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 31st. Acadia Realty Trust’s dividend payout ratio is currently 844.44%.
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.
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