Acadia Realty Trust (NYSE:AKR) was upgraded by equities researchers at TheStreet from a "d" rating to a "c-" rating in a note issued to investors on Friday, TheStreetRatingsTable reports.
Other analysts have also recently issued reports about the company. Jefferies Financial Group raised Acadia Realty Trust from a "hold" rating to a "buy" rating and upped their price target for the company from $14.00 to $17.00 in a research note on Wednesday, January 13th. Bank of America downgraded shares of Acadia Realty Trust from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 19th. Truist lifted their price target on shares of Acadia Realty Trust from $15.00 to $20.00 in a research report on Friday, March 5th. Finally, Zacks Investment Research upgraded shares of Acadia Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, March 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Acadia Realty Trust presently has an average rating of "Hold" and a consensus price target of $15.63.
Shares of Acadia Realty Trust stock opened at $21.25 on Friday. The firm has a fifty day moving average of $20.08 and a two-hundred day moving average of $16.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 81.73, a PEG ratio of 12.33 and a beta of 1.38. Acadia Realty Trust has a 52 week low of $9.10 and a 52 week high of $21.82.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.18. Acadia Realty Trust had a return on equity of 1.10% and a net margin of 8.72%. As a group, research analysts forecast that Acadia Realty Trust will post 1.04 EPS for the current fiscal year.
In other Acadia Realty Trust news, Director Wendy W. Luscombe sold 1,523 shares of the stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $19.90, for a total transaction of $30,307.70. Following the completion of the transaction, the director now owns 35,494 shares in the company, valued at approximately $706,330.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Joseph Napolitano sold 5,000 shares of Acadia Realty Trust stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $20.60, for a total value of $103,000.00. Following the completion of the sale, the vice president now directly owns 3,000 shares in the company, valued at approximately $61,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,523 shares of company stock worth $154,218. 2.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its position in Acadia Realty Trust by 53.0% during the 1st quarter. First Trust Advisors LP now owns 75,406 shares of the real estate investment trust's stock worth $2,056,000 after acquiring an additional 26,111 shares during the last quarter. Sei Investments Co. grew its position in Acadia Realty Trust by 13.7% in the third quarter. Sei Investments Co. now owns 508,852 shares of the real estate investment trust's stock valued at $5,343,000 after purchasing an additional 61,400 shares in the last quarter. Nachman Norwood & Parrott Inc grew its position in Acadia Realty Trust by 5.8% in the fourth quarter. Nachman Norwood & Parrott Inc now owns 18,236 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 1,000 shares in the last quarter. Pendal Group Limited increased its stake in Acadia Realty Trust by 10.9% in the 4th quarter. Pendal Group Limited now owns 83,657 shares of the real estate investment trust's stock valued at $1,187,000 after buying an additional 8,200 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Acadia Realty Trust by 9.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 63,404 shares of the real estate investment trust's stock worth $900,000 after buying an additional 5,630 shares in the last quarter. 99.65% of the stock is currently owned by institutional investors and hedge funds.
Acadia Realty Trust Company Profile
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Â- Core Portfolio and Fund Â- 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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