Acadia Realty Trust (NYSE:AKR) Receives $22.00 Consensus Target Price from Analysts

Acadia Realty Trust (NYSE:AKR) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.00.

AKR has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 28th. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its holdings in Acadia Realty Trust by 189.5% in the second quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 902 shares during the period. Danske Bank A S boosted its position in shares of Acadia Realty Trust by 600.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,800 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Acadia Realty Trust by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 547 shares during the period. Raymond James Financial Inc. bought a new stake in Acadia Realty Trust in the 2nd quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC increased its position in Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,309 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Performance

NYSE:AKR opened at $21.00 on Thursday. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $24.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s fifty day moving average is $20.41 and its 200-day moving average is $19.92. The firm has a market cap of $2.75 billion, a P/E ratio of 175.01, a P/E/G ratio of 3.63 and a beta of 1.14.

Acadia Realty Trust Company Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.