Acadia Realty Trust (NYSE:AKR) Given Consensus Recommendation of “Hold” by Analysts

Acadia Realty Trust (NYSE:AKR) has earned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.00.

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

Acadia Realty Trust Price Performance

NYSE:AKR opened at $20.55 on Thursday. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $24.95. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 228.33, a price-to-earnings-growth ratio of 3.71 and a beta of 1.14. The company’s 50-day moving average is $20.48 and its two-hundred day moving average is $19.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.28). Acadia Realty Trust had a return on equity of 0.49% and a net margin of 3.22%.The firm had revenue of $104.77 million for the quarter, compared to analyst estimates of $92.19 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Research analysts expect that Acadia Realty Trust will post 1.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC grew its holdings in Acadia Realty Trust by 11.1% during the 2nd quarter. Yousif Capital Management LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 4,884 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Acadia Realty Trust by 8.0% during the second quarter. Allianz Asset Management GmbH now owns 76,700 shares of the real estate investment trust’s stock worth $1,424,000 after acquiring an additional 5,651 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Acadia Realty Trust by 5.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,209 shares of the real estate investment trust’s stock worth $4,739,000 after acquiring an additional 13,516 shares in the last quarter. Easterly Investment Partners LLC grew its stake in Acadia Realty Trust by 13.3% during the 2nd quarter. Easterly Investment Partners LLC now owns 590,795 shares of the real estate investment trust’s stock valued at $10,971,000 after purchasing an additional 69,342 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Acadia Realty Trust by 6.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 186,937 shares of the real estate investment trust’s stock worth $3,471,000 after purchasing an additional 11,040 shares during the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

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.