Acadia Realty Trust (NYSE:AKR) Stock Rating Lowered by StockNews.com

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

Several other equities research analysts have also commented on the company. Truist Financial upped their target price on Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Compass Point raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Acadia Realty Trust presently has an average rating of “Hold” and an average target price of $21.60.

Acadia Realty Trust Stock Performance

NYSE:AKR opened at $25.00 on Friday. The company has a market capitalization of $2.99 billion, a PE ratio of 277.78, a P/E/G ratio of 6.34 and a beta of 1.46. Acadia Realty Trust has a fifty-two week low of $14.06 and a fifty-two week high of $25.58. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day simple moving average of $23.52 and a two-hundred day simple moving average of $20.45.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). The firm had revenue of $87.70 million for the quarter, compared to analyst estimates of $70.88 million. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Research analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Acadia Realty Trust by 7.7% during the first quarter. Vanguard Group Inc. now owns 16,682,822 shares of the real estate investment trust’s stock worth $283,775,000 after acquiring an additional 1,192,138 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Acadia Realty Trust by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,848,246 shares of the real estate investment trust’s stock worth $150,511,000 after purchasing an additional 388,067 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Acadia Realty Trust by 2.4% in the second quarter. Louisiana State Employees Retirement System now owns 51,900 shares of the real estate investment trust’s stock worth $930,000 after purchasing an additional 1,200 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Acadia Realty Trust by 1.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 136,073 shares of the real estate investment trust’s stock valued at $2,234,000 after purchasing an additional 2,290 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Acadia Realty Trust by 80.1% during the first quarter. BNP Paribas Financial Markets now owns 55,332 shares of the real estate investment trust’s stock valued at $941,000 after buying an additional 24,609 shares during 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.