Equity analysts at StockNews.com were the first to cover Acadia Realty Trust in a research report published online on Thursday and made available to the general public (NYSE: AKR). Regarding the real estate investment trust stock, the company recommended to its clients to “sell” the stock.
AKR was initially traded for the first time on Thursday for $13.71.
The company’s moving average price over the past 50 days is $14.80, and its moving average price over the last 200 days is also $14.54.
The stock has a price-to-earnings ratio of -35.15, a price-to-earnings-to-growth ratio of 1.60, and a beta value of 1.47.
All of these metrics indicate that the stock is overpriced.
The company currently has a market capitalization of $1.32 billion of $13.71.
The company’s moving average price over the past 50 days is $14.80, and its moving average price over the last 200 days is also $14.54.
The stock has a price-to-earnings ratio of -35.15, a price-to-earnings-to-growth ratio of 1.60, and a beta value of 1.47.
All of these metrics indicate that the stock is overpriced.
The company currently has a market capitalization of $1.32 billion.
It carries a debt-to-equity ratio of 0.82, a current ratio of 1.05, and a quick ratio of 1.05 in its financial statements.
Acadia Realty Trust hit a low point over the past year of $12.28, while its high point over the past year was $22.63. (All prices are in American dollars.)
AKR has been the subject of articles published by various other research firms, which can be found here.
The price objective for Acadia Realty Trust was lowered from $19.00 to $16.00 in a research note released to the public by JPMorgan Chase & Co on Tuesday, December 6th.
Additionally, the firm rated its stock as “underweight,” indicating that it believed it to be undervalued. Citigroup lowered its target price for Acadia Realty Trust shares from $17.00 to $16.00 in a research report published on Wednesday, December 14th.
The report was available online.
As a reflection of the change in their attitude toward the stock, they also adjusted the rating assigned to the company, moving it from “buy” to “neutral.” Three analysts have to buy ratings on the stock; two experts hold ratings on the stock, and two analysts have to sell ratings on the stock.
According to information from Bloomberg.com, the consensus view on Acadia Realty Trust is “Hold,” and the consensus view regarding its price objective is $18.17.
Both of these estimates were derived from polling participants.
In recent months, institutional investors have adjusted the total number of stock shares held in their investment portfolios.
The total value of Belpointe Asset Management LLC’s holdings came to approximately $75,000 after the company invested approximately $25,000 in Acadia Realty Trust during the fourth quarter. Wipfli Financial Advisors LLC made a brand new investment of $30,000 in Acadia Realty Trust.
This investment came from Wipfli Financial Advisors LLC This deal was finalized in the third quarter of the fiscal year.
The amount of Acadia Realty Trust shares that Mitsubishi UFJ Trust & Banking Corp. owned as of the end of the second quarter was up by 56.1% compared to the beginning of the quarter.
Mitsubishi UFJ Trust & Banking Corp. now has 2,146 real estate investment trust shares worth $34,000, thanks to the purchase of 771 additional shares during the most recent quarter. US Asset Management LLC contributed to Acadia Realty Trust for approximately $37,000 during the fourth quarter of 2018 to increase its ownership stake in the company.
During the first quarter, Quantbot Technologies LP increased its stake in Acadia Realty Trust by investing approximately $45,000 more.
This brought the total amount of money invested by the company to approximately $70,000.
Real estate investment trust Acadia Realty Trust provides both ideas for investments and platforms for operations in the real estate market.
The core portfolio, funds, and structured financing are the three distinct business sub-divisions that this company can be divided into.
The most important part of an investment portfolio comprises retail assets.
The Funds division is in charge of resolving any issues that arise in connection with retail real estate.