Wall Street Zen Upgrades Acadia Realty Trust (NYSE:AKR) to Hold

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

Several other research analysts have also weighed in on AKR. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, October 8th. Truist Financial lowered their target price on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, November 28th. LADENBURG THALM/SH SH began coverage on shares of Acadia Realty Trust in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price target on the stock. Finally, Citigroup raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Trading Up 0.5%

NYSE:AKR opened at $21.03 on Friday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 175.22, a PEG ratio of 3.39 and a beta of 1.12. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $24.95. The business’s 50-day moving average price is $20.00 and its two-hundred day moving average price is $19.54. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.Acadia Realty Trust’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, equities analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Institutional Investors Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new position in Acadia Realty Trust during the first quarter worth about $574,000. Royal Bank of Canada lifted its stake in shares of Acadia Realty Trust by 83.2% during the 1st quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 19,184 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Acadia Realty Trust in the 1st quarter worth approximately $7,994,000. FJ Capital Management LLC grew its stake in Acadia Realty Trust by 67.8% in the 1st quarter. FJ Capital Management LLC now owns 78,955 shares of the real estate investment trust’s stock valued at $1,654,000 after buying an additional 31,893 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Acadia Realty Trust during the 1st quarter valued at $23,872,000. 97.65% of the stock is currently owned by 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.