Acadia Realty Trust (NYSE:AKR) Releases Earnings Results, Beats Expectations By $0.17 EPS
by Doug Wharley · The Cerbat GemAcadia Realty Trust (NYSE:AKR – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17, FiscalAI reports. The company had revenue of $102.99 million during the quarter, compared to analyst estimates of $94.21 million. Acadia Realty Trust had a net margin of 3.22% and a return on equity of 0.49%. Acadia Realty Trust’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. Acadia Realty Trust updated its FY 2026 guidance to 1.220-1.260 EPS.
Acadia Realty Trust Stock Performance
Shares of AKR stock opened at $21.41 on Wednesday. The stock has a 50 day moving average price of $20.38 and a two-hundred day moving average price of $20.26. The company has a market capitalization of $2.81 billion, a P/E ratio of 237.92, a PEG ratio of 2.13 and a beta of 1.11. Acadia Realty Trust has a fifty-two week low of $18.04 and a fifty-two week high of $22.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.
Acadia Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Acadia Realty Trust’s payout ratio is 888.89%.
Institutional Investors Weigh In On Acadia Realty Trust
Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in Acadia Realty Trust during the 4th quarter valued at approximately $42,330,000. Alyeska Investment Group L.P. raised its holdings in shares of Acadia Realty Trust by 55.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,909,671 shares of the real estate investment trust’s stock worth $58,630,000 after acquiring an additional 1,042,228 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Acadia Realty Trust in the fourth quarter valued at $15,782,000. BROOKFIELD Corp ON bought a new stake in Acadia Realty Trust in the fourth quarter worth $14,103,000. Finally, State Street Corp raised its stake in Acadia Realty Trust by 9.3% during the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after purchasing an additional 632,722 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, March 20th. Citigroup boosted their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Monday, April 20th. Finally, Zacks Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.25.
View Our Latest Stock Report on Acadia Realty Trust
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.