KeyBanc Keeps Their Hold Rating on Acadia Realty (AKR)

In a report released today, Todd Thomas from KeyBanc reiterated a Hold rating on Acadia Realty. The company’s shares opened today at $19.68.

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According to TipRanks, Thomas is a 4-star analyst with an average return of 8.4% and a 60.00% success rate. Thomas covers the Real Estate sector, focusing on stocks such as Terreno Realty, LXP Industrial Trust, and Prologis.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acadia Realty with a $22.25 average price target.

Based on Acadia Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $100.59 million and a GAAP net loss of $20.52 million. In comparison, last year the company earned a revenue of $87.25 million and had a net profit of $1.15 million