Acadia Realty Trust (NYSE:AKR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Acadia Realty Trust from “sell” to “hold.” Despite the change, the broader analyst consensus remains “Moderate Buy,” with an average price target of $23.80.
• AKR opened at $18.61, near its 12-month low of $18.44 and below its 50-day and 200-day moving averages. The stock has a $2.56 billion market capitalization and a relatively high price-to-earnings ratio of 54.75.
• Acadia Realty Trust’s latest quarterly earnings missed expectations, reporting $0.05 in EPS versus the $0.30 consensus estimate, although revenue exceeded forecasts at $95.42 million. Institutional investors own approximately 97.65% of the company’s shares.

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 report released on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on AKR. Citigroup raised their price target on Acadia Realty Trust from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. KeyCorp reissued an "overweight" rating on shares of Acadia Realty Trust in a research note on Wednesday, September 23rd. Weiss Ratings upgraded shares of Acadia Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, July 14th. Jefferies Financial Group upgraded shares of Acadia Realty Trust to a "strong-buy" rating in a report on Friday, June 26th. Finally, Truist Financial began coverage on shares of Acadia Realty Trust in a research note on Thursday. They issued a "buy" rating and a $22.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Acadia Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $23.80.

Acadia Realty Trust Price Performance

NYSE:AKR opened at $18.61 on Friday. The company's 50-day moving average price is $20.46 and its two-hundred day moving average price is $20.94. 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 has a 12 month low of $18.44 and a 12 month high of $23.03. The firm has a market cap of $2.56 billion, a PE ratio of 54.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The company had revenue of $95.42 million during the quarter, compared to analyst estimates of $92.36 million. Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The business's revenue for the quarter 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, equities analysts anticipate that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in shares of Acadia Realty Trust in the second quarter valued at about $47,000. Sequoia Financial Advisors LLC acquired a new stake in Acadia Realty Trust in the 2nd quarter worth about $293,000. Greenland Capital Management LP acquired a new stake in Acadia Realty Trust in the 2nd quarter worth about $418,000. MQS Management LLC bought a new stake in Acadia Realty Trust in the 1st quarter valued at about $518,000. Finally, Inspire Investing LLC grew its position in shares of Acadia Realty Trust by 14.8% during the 1st quarter. Inspire Investing LLC now owns 32,089 shares of the real estate investment trust's stock worth $614,000 after purchasing an additional 4,125 shares in the last quarter. Institutional investors own 97.65% of the company's stock.

About Acadia Realty Trust

Acadia Realty Trust NYSE: AKR is a self-managed and self-administered real estate investment trust focused on the ownership, operation, and development of retail properties in the United States. Its portfolio primarily includes grocery-anchored shopping centers, neighborhood and community retail centers, and high-quality urban retail properties.

The company's retail properties are located in densely populated and high-barrier-to-entry markets, including the New York metropolitan area and other major U.S.

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