Acadia Realty Trust (NYSE:AKR) Stock Rating Lowered by StockNews.com

Acadia Realty Trust (NYSE:AKR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other equities research analysts have also commented on the company. Truist Financial increased their price target on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $27.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.60.

Acadia Realty Trust Price Performance

Acadia Realty Trust stock traded down $0.10 during mid-day trading on Friday, hitting $25.00. 2,716,943 shares of the company were exchanged, compared to its average volume of 1,008,368. The company has a market capitalization of $2.99 billion, a PE ratio of 277.78, a price-to-earnings-growth ratio of 6.37 and a beta of 1.46. The business has a fifty day moving average of $23.47 and a 200 day moving average of $20.38. Acadia Realty Trust has a 1-year low of $14.06 and a 1-year high of $25.58. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67.

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

Institutional Trading of Acadia Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Acadia Realty Trust by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust’s stock valued at $283,775,000 after purchasing an additional 1,192,138 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Acadia Realty Trust by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust’s stock valued at $150,511,000 after acquiring an additional 388,067 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Acadia Realty Trust by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 1,200 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Acadia Realty Trust by 1.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 136,073 shares of the real estate investment trust’s stock worth $2,234,000 after acquiring an additional 2,290 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Acadia Realty Trust by 80.1% in the first quarter. BNP Paribas Financial Markets now owns 55,332 shares of the real estate investment trust’s stock worth $941,000 after purchasing an additional 24,609 shares during the period. 97.65% of the stock is 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.