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

Acadia Realty Trust (NYSE:AKR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued research reports about the stock. Truist Financial reduced their price objective on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, October 8th. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a research note on Friday, September 12th. LADENBURG THALM/SH SH assumed coverage on Acadia Realty Trust in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Zacks Research downgraded Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Acadia Realty Trust has a consensus rating of “Hold” and an average price target of $22.00.

Acadia Realty Trust Stock Performance

NYSE:AKR opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 165.46, a price-to-earnings-growth ratio of 3.20 and a beta of 1.12. The firm’s fifty day moving average price is $19.79 and its 200 day moving average price is $19.47. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $25.83.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $101.01 million during the quarter, compared to the consensus estimate of $92.78 million. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. Acadia Realty Trust’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. On average, sell-side analysts expect that Acadia Realty Trust will post 1.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Acadia Realty Trust in the 3rd quarter valued at about $64,526,000. Engineers Gate Manager LP purchased a new stake in shares of Acadia Realty Trust in the second quarter valued at about $29,771,000. Alyeska Investment Group L.P. purchased a new stake in shares of Acadia Realty Trust in the first quarter valued at about $23,872,000. Alliancebernstein L.P. grew its position in shares of Acadia Realty Trust by 26.8% in the first quarter. Alliancebernstein L.P. now owns 3,076,073 shares of the real estate investment trust’s stock valued at $64,444,000 after purchasing an additional 649,459 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Acadia Realty Trust by 9.3% during the 2nd quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock worth $139,802,000 after purchasing an additional 632,722 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

About Acadia Realty Trust

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.