Acadia Realty Trust (NYSE:AKR – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other equities research analysts have also recently weighed in on the company. Citigroup boosted their price objective on Acadia Realty Trust from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. KeyCorp raised shares of Acadia Realty Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Tuesday, August 18th. Truist Financial upped 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 Tuesday, June 9th. Finally, Jefferies Financial Group upgraded shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Acadia Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $24.20.
Check Out Our Latest Stock Report on Acadia Realty Trust
Acadia Realty Trust Price Performance
Acadia Realty Trust (NYSE:AKR – Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $95.42 million during the quarter, compared to analysts’ expectations of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Analysts anticipate that Acadia Realty Trust will post 1.25 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in shares of Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 547 shares during the last quarter. Danske Bank A S grew its position in Acadia Realty Trust by 600.0% in the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,800 shares during the last quarter. Nykredit A S acquired a new position in Acadia Realty Trust in the 2nd quarter valued at $47,000. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust in the 2nd quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC raised its position in Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,309 shares during the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.
Acadia Realty Trust Company Profile
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.
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