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

Acadia Realty Trust (NYSE:AKR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

AKR has been the topic of several other research reports. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings raised Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. KeyCorp restated an “overweight” rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Truist Financial started coverage on Acadia Realty Trust in a research report on Thursday. They set a “buy” rating and a $22.00 price objective for the company. Finally, Citigroup lifted 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.80.

Acadia Realty Trust Stock Performance

Shares of NYSE:AKR opened at $18.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $20.46 and a 200-day moving average price of $20.94. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11. Acadia Realty Trust has a 12 month low of $18.44 and a 12 month high of $23.03.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The business had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $92.36 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities analysts anticipate that Acadia Realty Trust will post 1.24 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Nykredit A S purchased a new stake in shares of Acadia Realty Trust during the second quarter valued at $47,000. Sequoia Financial Advisors LLC purchased a new position in Acadia Realty Trust in the 2nd quarter worth about $293,000. Greenland Capital Management LP bought a new position in Acadia Realty Trust during the 2nd quarter valued at about $418,000. MQS Management LLC purchased a new stake in shares of Acadia Realty Trust during the 1st quarter valued at about $518,000. Finally, Inspire Investing LLC boosted its holdings in shares of Acadia Realty Trust by 14.8% during the 1st quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 4,125 shares during the last quarter. 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 self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.

The company’s retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.