NEW YORK ( TheStreet) -- Acadia Realty (NYSE: AKR) hit a new 52-week high Monday as it is currently trading at $22.41, above its previous 52-week high of $22.34 with 17,910 shares traded as of 10 a.m. ET. Average volume has been 288,100 shares over the past 30 days. Acadia has a market cap of $836.1 million and is part of the financial sector and real estate industry. Shares are up 10.6% year to date as of the close of trading on Friday. 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 45.2, above the average real estate industry P/E ratio of 10.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Acadia as a 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. You can view the full Acadia Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.