Acadia Realty Trust (NYSE:AKR – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
A number of other research firms have also recently commented on AKR. Weiss Ratings cut Acadia Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Truist Financial started coverage on Acadia Realty Trust in a research note on Thursday, October 1st. They issued a “buy” rating and a $22.00 price objective on the stock. Citigroup raised their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, KeyCorp reissued an “overweight” rating on shares of Acadia Realty Trust in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Acadia Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.
Acadia Realty Trust Stock Performance
Shares of Acadia Realty Trust stock opened at $19.04 on Friday. Acadia Realty Trust has a one year low of $17.96 and a one year high of $23.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 56.00, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The stock’s 50-day moving average is $19.33 and its 200-day moving average is $20.62.
Hedge Funds Weigh In On Acadia Realty Trust
Several institutional investors and hedge funds have recently bought and sold shares of AKR. Salomon & Ludwin LLC lifted its holdings in Acadia Realty Trust by 145.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,637 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 969 shares in the last quarter. Nykredit A S acquired a new stake in Acadia Realty Trust in the second quarter valued at $47,000. Pinnacle Wealth Planning Services Inc. grew its stake in Acadia Realty Trust by 49.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,032 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 1,326 shares during the period. Signaturefd LLC boosted its position in Acadia Realty Trust by 367.4% in the third quarter. Signaturefd LLC now owns 4,235 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 3,329 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Acadia Realty Trust during the second quarter valued at about $293,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.
Acadia Realty Trust Company Profile
Acadia Realty Trust (NYSE: AKR) is a real estate investment trust that owns, operates, acquires, and develops retail properties in the United States. Its portfolio includes grocery-anchored shopping centers, neighborhood and community retail centers, urban street retail properties, and mixed-use assets.
The company focuses on retail locations in densely populated and high-barrier-to-entry markets, serving tenants that include national retailers, restaurants, service providers, and other consumer-oriented businesses.
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