Shares of Acadia Realty Trust (NYSE:AKR) have been given an average rating of “Hold” by the seven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $33.67.
A number of brokerages have recently weighed in on AKR. Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the company a “buy” rating in a research note on Wednesday, December 6th. KeyCorp lowered Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th.
Shares of Acadia Realty Trust (NYSE AKR) traded down $0.39 during trading hours on Wednesday, hitting $22.32. The stock had a trading volume of 171,330 shares, compared to its average volume of 643,544. Acadia Realty Trust has a 52 week low of $21.34 and a 52 week high of $32.89. The firm has a market capitalization of $1,875.85, a price-to-earnings ratio of 31.73, a PEG ratio of 1.74 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.48.
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Acadia Realty Trust by 72.2% in the second quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 2,775 shares during the period. Ameritas Investment Partners Inc. increased its position in Acadia Realty Trust by 6.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 472 shares during the period. Shelton Capital Management acquired a new stake in Acadia Realty Trust in the second quarter worth about $234,000. Ramsey Quantitative Systems acquired a new stake in Acadia Realty Trust in the fourth quarter worth about $236,000. Finally, CIBC Asset Management Inc acquired a new stake in Acadia Realty Trust in the fourth quarter worth about $277,000.
About Acadia Realty Trust
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.
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