Acadia Realty Trust (NYSE:AKR) has been given a $35.00 price objective by equities research analysts at Boenning Scattergood in a report issued on Wednesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target would indicate a potential upside of 27.46% from the company’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. KeyCorp lowered Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Acadia Realty Trust has a consensus rating of “Hold” and an average target price of $33.50.

Acadia Realty Trust (AKR) traded down $0.22 during trading on Wednesday, hitting $27.46. The stock had a trading volume of 588,015 shares, compared to its average volume of 519,380. The stock has a market cap of $2,280.00, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. Acadia Realty Trust has a 52 week low of $26.70 and a 52 week high of $34.30.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $51.70 million for the quarter, compared to the consensus estimate of $55.94 million. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The company’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. analysts expect that Acadia Realty Trust will post 1.48 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. California Public Employees Retirement System raised its holdings in Acadia Realty Trust by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 132,315 shares of the real estate investment trust’s stock valued at $3,787,000 after acquiring an additional 6,987 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Acadia Realty Trust by 158.1% in the 3rd quarter. Pinebridge Investments L.P. now owns 48,309 shares of the real estate investment trust’s stock valued at $1,383,000 after purchasing an additional 29,594 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Acadia Realty Trust by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,235,503 shares of the real estate investment trust’s stock valued at $35,360,000 after purchasing an additional 39,392 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Acadia Realty Trust by 7.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 924,941 shares of the real estate investment trust’s stock valued at $26,472,000 after purchasing an additional 64,702 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Acadia Realty Trust by 176.3% in the 3rd quarter. Wells Fargo & Company MN now owns 374,263 shares of the real estate investment trust’s stock valued at $10,712,000 after purchasing an additional 238,806 shares during the period.

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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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