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

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

Several other research analysts have also recently issued reports on AKR. LADENBURG THALM/SH SH began coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $21.00 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Acadia Realty Trust in a research report on Saturday, September 27th. Finally, Citigroup raised Acadia Realty Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $23.00 in a report on Friday, September 12th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.50.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $20.00 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The company has a market capitalization of $2.62 billion, a PE ratio of 124.98, a PEG ratio of 4.08 and a beta of 1.47. The business has a fifty day moving average price of $19.60 and a 200-day moving average price of $19.45.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data 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). Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The business had revenue of $98.30 million for the quarter, compared to analysts' expectations of $81.89 million. During the same period last year, the business earned $0.31 earnings per share. The company's quarterly revenue was up 15.3% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. As a group, equities analysts expect that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake 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 worth $41,000 after purchasing an additional 547 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Acadia Realty Trust by 9.6% in the second quarter. Thrivent Financial for Lutherans now owns 96,298 shares of the real estate investment trust's stock worth $1,788,000 after purchasing an additional 8,407 shares during the last quarter. State of Wyoming grew its holdings in Acadia Realty Trust by 10.8% during the second 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 grew its holdings in Acadia Realty Trust by 25.4% during the second 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 grew its holdings in Acadia Realty Trust by 17.7% during the second 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.

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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