Shares of Acadia Realty Trust (NYSE:AKR) have received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $33.67.
A number of brokerages have recently weighed in on AKR. Boenning Scattergood reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Acadia Realty Trust in a research note on Monday, November 6th. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, KeyCorp cut Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th.
Shares of Acadia Realty Trust (NYSE AKR) traded up $0.34 during midday trading on Wednesday, hitting $23.06. The stock had a trading volume of 850,588 shares, compared to its average volume of 825,625. Acadia Realty Trust has a twelve month low of $21.34 and a twelve month high of $32.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market capitalization of $1,901.80, a PE ratio of 32.48, a PEG ratio of 1.83 and a beta of 0.46.
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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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