Acadia Realty Trust (NYSE:AKR) Price Target Cut to $22.00 by Analysts at Truist Financial

Acadia Realty Trust (NYSE:AKR - Get Free Report) had its price target reduced by equities research analysts at Truist Financial from $23.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price indicates a potential upside of 7.53% from the company's previous close.

Other research analysts also recently issued reports about the company. LADENBURG THALM/SH SH began coverage on Acadia Realty Trust in a report on Tuesday, September 9th. They issued a "neutral" rating and a $21.00 price target for the company. Citigroup upgraded shares of Acadia Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Friday, September 12th. Wall Street Zen raised shares of Acadia Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. Zacks Research cut shares of Acadia Realty Trust from a "hold" rating to a "strong sell" rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Acadia Realty Trust currently has a consensus rating of "Hold" and an average target price of $22.00.

View Our Latest Report on Acadia Realty Trust

Acadia Realty Trust Stock Performance

NYSE:AKR traded down $0.03 during mid-day trading on Friday, hitting $20.46. The company's stock had a trading volume of 72,508 shares, compared to its average volume of 1,304,764. The business's fifty day moving average is $19.83 and its two-hundred day moving average is $19.45. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 170.51, a PEG ratio of 2.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.05. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting analysts' consensus estimates of $0.33. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.The business had revenue of $101.01 million during the quarter, compared to analyst estimates of $92.78 million. During the same quarter last year, the business posted $0.32 EPS. The company's revenue was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Realty Trust

A number of hedge funds have recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in shares of Acadia Realty Trust by 1.4% in the first quarter. Natixis Advisors LLC now owns 38,237 shares of the real estate investment trust's stock worth $801,000 after acquiring an additional 529 shares during the last quarter. State of Wyoming lifted its holdings in Acadia Realty Trust by 10.8% in the 2nd quarter. State of Wyoming now owns 5,581 shares of the real estate investment trust's stock valued at $104,000 after purchasing an additional 543 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Acadia Realty Trust by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 547 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Acadia Realty Trust by 3.4% during the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust's stock worth $403,000 after buying an additional 640 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Acadia Realty Trust by 1.9% in the third 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 during the last quarter. Institutional investors and hedge funds own 97.65% of the company's stock.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

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