Acadia Realty Trust (NYSE:AKR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.60.

Several brokerages recently weighed in on AKR. Truist Financial increased their target price on Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. StockNews.com downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Finally, Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $27.00 in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AKR. Texas Permanent School Fund Corp boosted its stake in Acadia Realty Trust by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 90,041 shares of the real estate investment trust’s stock worth $1,614,000 after buying an additional 531 shares in the last quarter. GAMMA Investing LLC increased its stake in Acadia Realty Trust by 32.7% in the second quarter. GAMMA Investing LLC now owns 2,322 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 572 shares during the period. IFM Investors Pty Ltd raised its position in Acadia Realty Trust by 2.5% in the third quarter. IFM Investors Pty Ltd now owns 23,795 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 582 shares in the last quarter. Arizona State Retirement System boosted its holdings in Acadia Realty Trust by 2.6% during the second quarter. Arizona State Retirement System now owns 28,831 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 724 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Acadia Realty Trust by 8.0% in the 1st quarter. Ameritas Investment Partners Inc. now owns 10,031 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 740 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Acadia Realty Trust Price Performance

Shares of Acadia Realty Trust stock opened at $24.64 on Tuesday. Acadia Realty Trust has a 1-year low of $13.24 and a 1-year high of $24.75. The firm has a fifty day simple moving average of $23.07 and a 200-day simple moving average of $20.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 308.00, a PEG ratio of 6.30 and a beta of 1.47.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.30). The firm had revenue of $87.25 million for the quarter, compared to analyst estimates of $70.16 million. Acadia Realty Trust had a return on equity of 0.03% and a net margin of 0.20%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. On average, sell-side analysts expect that Acadia Realty Trust will post 1.29 earnings per share for the current year.

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.