Acadia Realty Trust (NYSE:AKR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

AKR has been the topic of a number of other reports. Zacks Investment Research upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. KeyCorp decreased their price objective on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 28th. Citigroup Inc. restated a “neutral” rating and set a $30.00 price objective (down from $35.00) on shares of Acadia Realty Trust in a research report on Tuesday, June 6th. TheStreet downgraded Acadia Realty Trust from a “b-” rating to a “c” rating in a research report on Monday, April 24th. Finally, BMO Capital Markets restated a “buy” rating and set a $36.00 price objective on shares of Acadia Realty Trust in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Acadia Realty Trust has an average rating of “Hold” and a consensus price target of $34.60.

Acadia Realty Trust (NYSE AKR) traded down 0.38% during trading on Wednesday, reaching $28.62. The company had a trading volume of 361,897 shares. Acadia Realty Trust has a one year low of $26.70 and a one year high of $38.01. The firm’s 50 day moving average is $27.89 and its 200 day moving average is $29.91. The company has a market capitalization of $2.42 billion, a PE ratio of 39.05 and a beta of 0.58.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Monday, April 24th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $62 million for the quarter, compared to the consensus estimate of $45.41 million. Acadia Realty Trust had a return on equity of 2.92% and a net margin of 27.19%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. On average, equities research analysts predict that Acadia Realty Trust will post $0.40 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in shares of Acadia Realty Trust by 817.9% in the fourth quarter. Macquarie Group Ltd. now owns 25,700 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 22,900 shares during the period. Bank of America Corp DE increased its stake in shares of Acadia Realty Trust by 10.3% in the first quarter. Bank of America Corp DE now owns 598,036 shares of the real estate investment trust’s stock valued at $17,978,000 after buying an additional 56,015 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of Acadia Realty Trust by 24.8% in the first quarter. State of Tennessee Treasury Department now owns 79,714 shares of the real estate investment trust’s stock valued at $2,396,000 after buying an additional 15,830 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Acadia Realty Trust by 1.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 547,246 shares of the real estate investment trust’s stock valued at $16,450,000 after buying an additional 9,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Acadia Realty Trust by 24.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,567 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,305 shares during the last quarter.

About Acadia Realty Trust

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.

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