Wall Street Zen Upgrades Acadia Realty Trust (NYSE:AKR) to Hold

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

A number of other equities research analysts have also issued reports on AKR. Truist Financial raised their price target on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citigroup increased their target price on shares of Acadia Realty Trust from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. LADENBURG THALM/SH SH raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, April 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Acadia Realty Trust in a research report on Monday, June 15th. Finally, Weiss Ratings upgraded Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Acadia Realty Trust Stock Performance

Shares of AKR stock opened at $20.81 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13. Acadia Realty Trust has a fifty-two week low of $18.61 and a fifty-two week high of $23.03. The stock has a 50 day moving average price of $21.60 and a two-hundred day moving average price of $21.07. The company has a market capitalization of $2.86 billion, a P/E ratio of 61.22, a PEG ratio of 1.89 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The firm had revenue of $95.42 million during the quarter, compared to the consensus estimate of $92.36 million. During the same quarter in the prior year, the business posted $0.32 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. Analysts expect that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Hedge Funds Weigh In On Acadia Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of AKR. Royal Bank of Canada lifted its holdings in Acadia Realty Trust by 83.2% in the first quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Acadia Realty Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust’s stock worth $1,461,000 after acquiring an additional 3,045 shares during the period. Millennium Management LLC raised its position in shares of Acadia Realty Trust by 31.1% in the 1st quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust’s stock worth $16,993,000 after acquiring an additional 192,267 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Acadia Realty Trust by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust’s stock valued at $17,145,000 after purchasing an additional 82,974 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Acadia Realty Trust during the first quarter valued at approximately $1,284,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

About Acadia Realty Trust

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.