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Acadia Realty Trust Stock Downgraded (AKR)

NEW YORK ( TheStreet) -- Acadia Realty (NYSE: AKR) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:

  • Net operating cash flow has increased to $27.20 million or 24.83% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 4.17%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, ACADIA REALTY TRUST's return on equity is below that of both the industry average and the S&P 500.
  • The gross profit margin for ACADIA REALTY TRUST is currently lower than what is desirable, coming in at 26.60%. It has decreased significantly from the same period last year. Along with this, the net profit margin of 21.40% trails that of the industry average.
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Acadia Realty Trust, a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties in the United States. The company has a P/E ratio of 43.8, above the average real estate industry P/E ratio of 10.6 and above the S&P 500 P/E ratio of 17.7. Acadia has a market cap of $836.1 million and is part of the financial sector and real estate industry. Shares are up 7.8% year to date as of the close of trading on Tuesday.

You can view the full Acadia Ratings Report or get investment ideas from our investment research center.
-- Written by a member of TheStreet Ratings Staff

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