Acadia Realty Trust (NYSE:AKR) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Acadia Realty Trust to “Sell” from “Hold,” contrasting with a broader analyst consensus of “Moderate Buy” and an average price target of $24.20.
• Acadia’s shares opened at $20.29, below their 50-day and 200-day moving averages. The REIT recently reported quarterly EPS of $0.05, missing estimates of $0.30, while revenue declined 5.1% year over year.
• Institutional investors own 97.65% of the stock, with several firms recently increasing their positions or initiating new stakes.

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

Other research analysts have also recently issued reports about the company. KeyCorp upgraded Acadia Realty Trust from a "sector weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Tuesday, August 18th. Weiss Ratings upgraded Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. Truist Financial increased their target price on Acadia Realty Trust from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised Acadia Realty Trust to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Citigroup boosted their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Acadia Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.20.

Acadia Realty Trust Trading Up 0.0%

Shares of Acadia Realty Trust stock opened at $20.29 on Friday. The firm's 50 day moving average is $21.35 and its 200 day moving average is $21.11. The firm has a market capitalization of $2.79 billion, a PE ratio of 59.68, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09. Acadia Realty Trust has a 1 year low of $18.61 and a 1 year high of $23.03. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate 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 company had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same period in the previous year, the company earned $0.32 EPS. Acadia Realty Trust'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. Equities research analysts forecast that Acadia Realty Trust will post 1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its holdings in 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 buying an additional 547 shares during the period. Danske Bank A S increased its stake in shares of Acadia Realty Trust by 600.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 1,800 shares during the period. Nykredit A S acquired a new stake in shares of Acadia Realty Trust in the second quarter valued at about $47,000. Raymond James Financial Inc. bought a new position in shares of Acadia Realty Trust during the second quarter worth about $47,000. Finally, EverSource Wealth Advisors LLC raised 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 worth $55,000 after acquiring an additional 2,309 shares during the last quarter. 97.65% of the stock is 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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