The stock of Acadia Realty Trust (NYSE:AKR) last traded at $13.94, down -2.99% from the previous session.
Data from the available sources indicates that Acadia Realty Trust (NYSE:AKR) is covered by 7 analysts. The consensus rating among analysts is ‘Hold’. AKR stock price is now -6.07% away from the 50-day moving average and -9.80% away from the 200-day moving average. The market capitalization of the company currently stands at $1.31B.
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In total, 4 analysts have assigned it a hold rating, and 2 have given it a buy rating.
With the price target reduced from $17 to $16, KeyBanc Capital Markets Downgraded its rating from Overweight to Sector Weight for Acadia Realty Trust (NYSE: AKR). On September 19, 2022, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $17, while ‘Jefferies’ rates the stock as ‘Hold’.
In other news, LUSCOMBE WENDY W, Director sold 807 shares of the company’s stock on Dec 01. The stock was sold for $12,293 at an average price of $15.23. Upon completion of the transaction, the Director now directly owns 37,614 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, Director LUSCOMBE WENDY W sold 800 shares of the business’s stock. A total of $12,042 was realized by selling the stock at an average price of $15.05. This leaves the insider owning 38,421 shares of the company worth $0.54 million. Insiders disposed of 32,107 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AKR stock. A new stake in Acadia Realty Trust shares was purchased by VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. during the first quarter worth $6,826,000. ELEQUIN SECURITIES, LLC invested $2,565,000 in shares of AKR during the first quarter. In the first quarter, LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in Acadia Realty Trust valued at approximately $2,266,000. GSA CAPITAL PARTNERS LLP acquired a new stake in AKR for approximately $1,090,000. ZIEGLER CAPITAL MANAGEMENT, LLC purchased a new stake in AKR valued at around $955,000 in the second quarter.
With an opening price of $14.34 on Tuesday morning, Acadia Realty Trust (NYSE: AKR) set off the trading day. During the past 12 months, Acadia Realty Trust has had a low of $12.28 and a high of $22.63. The fifty day moving average price for AKR is $14.84 and a two-hundred day moving average price translates $15.45 for the stock.
The latest earnings results from Acadia Realty Trust (NYSE: AKR) was released for Sep, 2022. According to the REIT – Retail Company, earnings per share came in at -$0.61, missing analysts’ expectations of $0.01 by -0.62. This compares to $0.04 EPS in the same period last year. The net profit margin was 10.80% and return on equity was 2.10% for AKR. The company reported revenue of $80.58 million for the quarter, compared to $79.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.54 percent. For the current quarter, analysts expect AKR to generate $74.08M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/31/2023 were paid a $0.18 dividend. On an annualized basis, this represents a $0.72 dividend and a 5.16% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, AKR is presently at 144.10%.
Acadia Realty Trust(AKR) 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.
