Acadia Realty Trust (NYSE:AKR) Cut to Sell at Wall Street Zen

Key Points

• Acadia Realty Trust was downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, signaling concerns about the stock's performance.
• The company's shares opened at $18.98, with a market cap of $2.49 billion and significant institutional ownership of 97.65%.
• Acadia Realty Trust reported a 15.3% revenue increase year-over-year, but missed earnings expectations with an EPS of $0.32 compared to the consensus estimate of $0.33.

Acadia Realty Trust (NYSE:AKR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Acadia Realty Trust in a research note on Wednesday. LADENBURG THALM/SH SH initiated coverage on shares of Acadia Realty Trust in a research note on Tuesday, September 9th. They set a "neutral" rating and a $21.00 target price for the company. Zacks Research lowered shares of Acadia Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 2nd. Finally, Citigroup raised shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $20.00 to $23.00 in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Acadia Realty Trust has a consensus rating of "Hold" and a consensus target price of $22.33.

Acadia Realty Trust Stock Down 3.0%

Shares of NYSE:AKR opened at $18.98 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $2.49 billion, a PE ratio of 118.63, a price-to-earnings-growth ratio of 3.85 and a beta of 1.47. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $26.29. The firm has a 50 day simple moving average of $19.69 and a 200 day simple moving average of $19.37.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $98.30 million during the quarter, compared to analysts' expectations of $81.89 million. Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, research analysts expect that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. raised its holdings in shares of Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 547 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Acadia Realty Trust by 9.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 96,298 shares of the real estate investment trust's stock worth $1,788,000 after acquiring an additional 8,407 shares during the period. State of Wyoming raised its holdings in Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust's stock worth $104,000 after acquiring an additional 543 shares during the period. Hudson Bay Capital Management LP raised its holdings in Acadia Realty Trust by 25.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,325,956 shares of the real estate investment trust's stock worth $43,193,000 after acquiring an additional 471,103 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Acadia Realty Trust by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 446,435 shares of the real estate investment trust's stock worth $8,290,000 after acquiring an additional 67,008 shares during the period. Institutional investors own 97.65% of the company's stock.

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.

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