Acadia Realty Trust (NYSE:AKR) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Acadia Realty Trust has been given a "Hold (C)" rating by Weiss Ratings, with other analysts offering mixed ratings including a recent downgrade to "strong sell" by Zacks Research.
• The company's stock recently traded at $20.00, with a consensus price target of $22.33 based on various analyst ratings.
• In its latest earnings report, Acadia Realty Trust reported $0.32 earnings per share, missing estimates by $0.01, but its revenue increased by 15.3% year-over-year.

Acadia Realty Trust (NYSE:AKR - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They set a "neutral" rating and a $21.00 price objective on the stock. Wall Street Zen lowered Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Sunday, October 12th. Citigroup raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Friday, September 12th. Finally, Zacks Research lowered Acadia Realty Trust from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.33.

Acadia Realty Trust Trading Up 0.6%

Shares of Acadia Realty Trust stock traded up $0.12 during trading on Friday, reaching $20.00. 122,535 shares of the stock were exchanged, compared to its average volume of 1,300,580. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The stock's fifty day moving average is $19.79 and its 200 day moving average is $19.34. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 125.04, a price-to-earnings-growth ratio of 2.88 and a beta of 1.47. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29.

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

Hedge Funds Weigh In On Acadia Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its position in shares of Acadia Realty Trust by 189.5% during the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 902 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 547 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Acadia Realty Trust during the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC increased its position in shares of Acadia Realty Trust by 342.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 2,309 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Acadia Realty Trust by 57.7% during the second quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust's stock valued at $95,000 after acquiring an additional 1,873 shares in the last quarter. Institutional investors own 97.65% of the company's stock.

About Acadia Realty Trust

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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