TheStreet upgraded shares of Acadia Realty Trust (NYSE:AKR) from a d+ rating to a c- rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.
A number of other brokerages have also weighed in on AKR. Zacks Investment Research lowered shares of Acadia Realty Trust from a hold rating to a sell rating in a research note on Monday. ValuEngine lowered shares of Acadia Realty Trust from a hold rating to a sell rating in a research note on Monday, August 3rd. Citigroup cut their target price on shares of Acadia Realty Trust from $13.00 to $12.00 and set a neutral rating for the company in a research note on Thursday, August 27th. Finally, SunTrust Banks cut their target price on shares of Acadia Realty Trust from $14.00 to $13.00 and set a hold rating for the company in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Acadia Realty Trust presently has a consensus rating of Hold and an average target price of $16.00.
Shares of NYSE:AKR opened at $10.66 on Wednesday. The company has a 50 day moving average of $11.67 and a 200-day moving average of $12.49. The firm has a market cap of $905.78 million, a P/E ratio of 22.21, a P/E/G ratio of 7.82 and a beta of 1.01. Acadia Realty Trust has a twelve month low of $9.59 and a twelve month high of $29.55. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.87.
Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). Acadia Realty Trust had a return on equity of 1.99% and a net margin of 14.84%. Equities research analysts forecast that Acadia Realty Trust will post 1.21 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in Acadia Realty Trust by 1,003.0% during the first quarter. Guggenheim Capital LLC now owns 134,084 shares of the real estate investment trust’s stock valued at $1,661,000 after purchasing an additional 121,928 shares during the last quarter. Invesco Ltd. lifted its position in shares of Acadia Realty Trust by 12.0% in the 1st quarter. Invesco Ltd. now owns 1,109,776 shares of the real estate investment trust’s stock valued at $13,750,000 after acquiring an additional 119,003 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Acadia Realty Trust by 18.3% in the 1st quarter. Legal & General Group Plc now owns 1,328,323 shares of the real estate investment trust’s stock valued at $16,458,000 after acquiring an additional 205,303 shares in the last quarter. Toronto Dominion Bank purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at approximately $287,000. Finally, Natixis Advisors L.P. lifted its position in shares of Acadia Realty Trust by 29.1% in the 2nd quarter. Natixis Advisors L.P. now owns 103,115 shares of the real estate investment trust’s stock valued at $1,338,000 after acquiring an additional 23,244 shares in the last quarter. 99.45% of the stock is owned by institutional investors and hedge funds.
Acadia Realty Trust Company Profile
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
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