Acadia Realty Trust (NYSE:AKR) Raised to “Hold” at Wall Street Zen

Acadia Realty Trust (NYSE:AKR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts also recently weighed in on AKR. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $23.00 in a report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.33.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock opened at $19.09 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 159.06, a PEG ratio of 2.78 and a beta of 1.47. The firm’s fifty day moving average is $19.79 and its 200 day moving average is $19.39. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $26.29.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The business had revenue of $98.71 million for the quarter, compared to the consensus estimate of $92.78 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Institutional Trading of Acadia Realty Trust

Several hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC increased its stake in shares of Acadia Realty Trust by 11.1% during the second quarter. Yousif Capital Management LLC now owns 48,746 shares of the real estate investment trust’s stock worth $905,000 after buying an additional 4,884 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Acadia Realty Trust by 8.0% during the second quarter. Allianz Asset Management GmbH now owns 76,700 shares of the real estate investment trust’s stock worth $1,424,000 after buying an additional 5,651 shares during the period. Easterly Investment Partners LLC increased its stake in shares of Acadia Realty Trust by 13.3% during the second quarter. Easterly Investment Partners LLC now owns 590,795 shares of the real estate investment trust’s stock worth $10,971,000 after buying an additional 69,342 shares during the period. Amundi increased its stake in shares of Acadia Realty Trust by 11.6% during the first quarter. Amundi now owns 316,941 shares of the real estate investment trust’s stock worth $6,171,000 after buying an additional 32,889 shares during the period. Finally, Strs Ohio purchased a new position in Acadia Realty Trust in the first quarter valued at approximately $463,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

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.