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

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

Other analysts have also recently issued research reports about the stock. Citigroup upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $23.00 in a research note on Friday, September 12th. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Truist Financial dropped their target price on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock 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. Finally, 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

Acadia Realty Trust Stock Performance

Shares of AKR opened at $19.85 on Friday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 165.46, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12. Acadia Realty Trust has a 52-week low of $16.98 and a 52-week high of $25.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $19.79 and a 200 day moving average price of $19.46.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $101.01 million for the quarter, compared to analysts’ expectations of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Research analysts predict that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC lifted its stake in Acadia Realty Trust by 11.1% in the 2nd quarter. Yousif Capital Management LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 4,884 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Acadia Realty Trust by 8.0% during the second quarter. Allianz Asset Management GmbH now owns 76,700 shares of the real estate investment trust’s stock worth $1,424,000 after buying an additional 5,651 shares in the last quarter. Easterly Investment Partners LLC increased its holdings in shares of Acadia Realty Trust by 13.3% during the second quarter. Easterly Investment Partners LLC now owns 590,795 shares of the real estate investment trust’s stock worth $10,971,000 after buying an additional 69,342 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Acadia Realty Trust by 5.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,209 shares of the real estate investment trust’s stock valued at $4,739,000 after acquiring an additional 13,516 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Acadia Realty Trust by 6.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 186,937 shares of the real estate investment trust’s stock valued at $3,471,000 after acquiring an additional 11,040 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.