Acadia Realty Trust (NYSE:AKR) Receives Consensus Rating of “Hold” from Analysts

Shares of Acadia Realty Trust (NYSE:AKR) have received an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.00.

Several equities analysts have recently commented on AKR shares. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research note on Wednesday, January 21st. Truist Financial cut their target price on shares of Acadia Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Finally, Wall Street Zen raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th.

Institutional Trading of Acadia Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Acadia Realty Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,012 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 500 shares during the last quarter. State of Wyoming raised its holdings in Acadia Realty Trust by 10.8% in the second quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 543 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Acadia Realty Trust by 32.8% during the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 547 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Acadia Realty Trust by 1.9% in the 3rd quarter. Amalgamated Bank now owns 37,530 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 697 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Acadia Realty Trust by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 173,200 shares of the real estate investment trust’s stock worth $3,490,000 after buying an additional 729 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Price Performance

NYSE:AKR opened at $21.00 on Thursday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 175.04, a PEG ratio of 3.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $20.43 and a 200-day simple moving average of $19.94. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $24.95.

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.