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

Key Points

• Wall Street Zen upgraded Acadia Realty Trust from “sell” to “hold.” Overall, analysts maintain a “Moderate Buy” consensus, with an average price target of $24.00.
• Acadia shares opened at $20.81, while the REIT’s latest quarterly results showed EPS of $0.05, below the $0.30 consensus estimate, despite revenue of $95.42 million exceeding expectations.
• Institutional investors own 97.65% of the company, and Acadia’s portfolio focuses on grocery-anchored and necessity-based shopping centers in urban and suburban markets.

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

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group raised shares of Acadia Realty Trust to a "strong-buy" rating in a report on Friday, June 26th. KeyCorp restated a "sector weight" rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Thursday, April 30th. Citigroup lifted their price target on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Acadia Realty Trust has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Acadia Realty Trust Stock Down 0.1%

Shares of Acadia Realty Trust stock opened at $20.81 on Friday. The business has a 50-day moving average price of $21.60 and a 200 day moving average price of $21.06. Acadia Realty Trust has a fifty-two week low of $18.61 and a fifty-two week high of $23.03. The firm has a market cap of $2.86 billion, a P/E ratio of 61.22, a P/E/G ratio of 1.89 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The firm had revenue of $95.42 million for the quarter, compared to the consensus estimate of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The company's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, sell-side analysts forecast that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadia Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S grew its position in shares of Acadia Realty Trust by 600.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 1,800 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Acadia Realty Trust by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 547 shares during the period. Raymond James Financial Inc. bought a new stake in Acadia Realty Trust in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC lifted its position in Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Acadia Realty Trust by 62,000.0% during the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 3,720 shares during the period. 97.65% of the stock is currently owned by institutional investors.

About Acadia Realty Trust

Acadia Realty Trust NYSE: AKR is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia's portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.

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