Acadia Realty Trust (NYSE:AKR – Get Rating) – Analysts at Jefferies Financial Group lifted their FY2022 earnings estimates for Acadia Realty Trust in a research report issued to clients and investors on Sunday, August 14th. Jefferies Financial Group analyst L. Tsai now expects that the real estate investment trust will earn $1.27 per share for the year, up from their previous estimate of $1.22. Jefferies Financial Group has a "Hold" rating and a $15.00 price objective on the stock. The consensus estimate for Acadia Realty Trust's current full-year earnings is $1.27 per share. Jefferies Financial Group also issued estimates for Acadia Realty Trust's Q4 2022 earnings at $0.32 EPS, Q1 2023 earnings at $0.31 EPS, Q2 2023 earnings at $0.31 EPS, Q3 2023 earnings at $0.32 EPS, Q4 2023 earnings at $0.35 EPS, FY2023 earnings at $1.28 EPS, Q1 2024 earnings at $0.32 EPS, Q2 2024 earnings at $0.33 EPS and FY2024 earnings at $1.36 EPS.

Several other research analysts also recently weighed in on the stock. Compass Point lowered their price objective on shares of Acadia Realty Trust from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, June 22nd. StockNews.com lowered shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, August 3rd. Truist Financial cut their target price on shares of Acadia Realty Trust from $27.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, June 21st. KeyCorp lowered their target price on shares of Acadia Realty Trust from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Acadia Realty Trust from $23.00 to $19.00 in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Acadia Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $20.40.

Acadia Realty Trust Stock Performance

Institutional Trading of Acadia Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. abrdn plc boosted its holdings in Acadia Realty Trust by 3.2% in the first quarter. abrdn plc now owns 19,271 shares of the real estate investment trust's stock valued at $423,000 after acquiring an additional 606 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Acadia Realty Trust by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 12,745 shares of the real estate investment trust's stock valued at $276,000 after acquiring an additional 660 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Acadia Realty Trust by 8.6% in the second quarter. Van ECK Associates Corp now owns 8,449 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 671 shares in the last quarter. American International Group Inc. boosted its holdings in Acadia Realty Trust by 1.4% in the second quarter. American International Group Inc. now owns 50,603 shares of the real estate investment trust's stock valued at $790,000 after acquiring an additional 721 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Acadia Realty Trust by 56.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,146 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 771 shares in the last quarter. Institutional investors own 98.23% of the company's stock.

Acadia Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, September 29th. Acadia Realty Trust's dividend payout ratio (DPR) is currently 211.76%.

Acadia Realty Trust Company Profile

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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.

Further Reading

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