Weiss Ratings Reiterates "Hold (C)" Rating for Acadia Realty Trust (NYSE:AKR)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C)" rating for Acadia Realty Trust (NYSE:AKR), indicating the stock's current position in the market.
• Acadia Realty Trust's stock price is currently trading at $19.66, experiencing a slight decline of 0.1% during recent trading sessions.
• The firm's latest earnings report showed $0.32 earnings per share, falling short of the projected $0.33, despite a revenue increase of 15.3% year-over-year.

Acadia Realty Trust (NYSE:AKR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on AKR. LADENBURG THALM/SH SH began coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $21.00 price target on the stock. Citigroup upgraded Acadia Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Friday, September 12th. Wall Street Zen upgraded Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Zacks Research downgraded Acadia Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Acadia Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $23.50.

Acadia Realty Trust Stock Down 0.1%

AKR traded down $0.02 during trading on Wednesday, hitting $19.66. 172,213 shares of the company's stock traded hands, compared to its average volume of 1,313,853. The company's 50 day simple moving average is $19.64 and its two-hundred day simple moving average is $19.42. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $26.29. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 122.73, a PEG ratio of 4.02 and a beta of 1.47.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). The firm had revenue of $98.30 million during the quarter, compared to analysts' expectations of $81.89 million. Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The business's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Analysts predict that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadia Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. raised its holdings in Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 547 shares during the period. Thrivent Financial for Lutherans raised its holdings in Acadia Realty Trust by 9.6% during the second quarter. Thrivent Financial for Lutherans now owns 96,298 shares of the real estate investment trust's stock valued at $1,788,000 after acquiring an additional 8,407 shares during the period. State of Wyoming raised 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 valued at $104,000 after acquiring an additional 543 shares during the period. Hudson Bay Capital Management LP raised 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 valued at $43,193,000 after acquiring an additional 471,103 shares during the period. Finally, Public Sector Pension Investment Board raised 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 valued at $8,290,000 after acquiring an additional 67,008 shares during the period. 97.65% of the stock is owned by institutional investors.

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 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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