Acadia Realty Trust (NYSE:AKR – Get Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Separately, TheStreet upgraded shares of Acadia Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Acadia Realty Trust presently has an average rating of “Hold” and a consensus target price of $18.17.
Acadia Realty Trust Stock Performance
AKR traded up $0.02 during trading hours on Friday, hitting $14.42. The stock had a trading volume of 503,196 shares, compared to its average volume of 654,211. The company’s fifty day simple moving average is $13.29 and its 200 day simple moving average is $14.12. Acadia Realty Trust has a 1 year low of $12.28 and a 1 year high of $18.47. The stock has a market cap of $1.37 billion, a PE ratio of -33.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.47. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82.
Insider Buying and Selling
In other Acadia Realty Trust news, Director Douglas Crocker II purchased 28,250 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $12.90 per share, for a total transaction of $364,425.00. Following the purchase, the director now directly owns 112,397 shares of the company’s stock, valued at approximately $1,449,921.30. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.83% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of AKR. Belpointe Asset Management LLC acquired a new position in Acadia Realty Trust during the 4th quarter valued at about $25,000. US Asset Management LLC acquired a new position in Acadia Realty Trust in the 4th quarter valued at $37,000. Quantbot Technologies LP acquired a new stake in Acadia Realty Trust in the 1st quarter valued at about $45,000. Point72 Hong Kong Ltd acquired a new stake in shares of Acadia Realty Trust in the 1st quarter worth $75,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Acadia Realty Trust during the 1st quarter worth approximately $88,000.
Acadia Realty Trust Company Profile
Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate.