Acadia Realty Trust (NYSE:AKR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Acadia Realty Trust (NYSE:AKR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.75 and traded as high as $23.60. Acadia Realty Trust shares last traded at $23.07, with a volume of 1,137,283 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on AKR shares. Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th. Truist Financial raised their target price on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Stock Performance

The stock has a market cap of $2.76 billion, a P/E ratio of 256.33, a PEG ratio of 6.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average of $24.77 and a 200 day moving average of $22.75.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. The firm had revenue of $87.70 million during the quarter, compared to analyst estimates of $70.88 million. During the same quarter last year, the company earned $0.27 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Acadia Realty Trust will post 1.28 earnings per share for the current fiscal year.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.29%. Acadia Realty Trust’s payout ratio is currently 844.44%.

Institutional Trading of Acadia Realty Trust

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Acadia Realty Trust by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,641,495 shares of the real estate investment trust’s stock worth $62,033,000 after purchasing an additional 63,672 shares in the last quarter. Vestcor Inc raised its holdings in shares of Acadia Realty Trust by 2.7% during the third quarter. Vestcor Inc now owns 92,672 shares of the real estate investment trust’s stock valued at $2,176,000 after acquiring an additional 2,407 shares during the period. Barclays PLC lifted its position in shares of Acadia Realty Trust by 11.8% in the 3rd quarter. Barclays PLC now owns 776,869 shares of the real estate investment trust’s stock valued at $18,240,000 after acquiring an additional 81,853 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Acadia Realty Trust by 2.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 151,650 shares of the real estate investment trust’s stock worth $3,561,000 after purchasing an additional 4,086 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in Acadia Realty Trust by 3.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 136,456 shares of the real estate investment trust’s stock worth $3,204,000 after purchasing an additional 5,000 shares in the last quarter. 97.65% of the stock is currently owned by institutional investors.

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.