Acadia Stock Hits New 52-Week High (AKR)

NEW YORK ( TheStreet) -- Acadia Realty (NYSE: AKR) hit a new 52-week high Thursday as it is currently trading at $22.98, above its previous 52-week high of $22.94 with 27,758 shares traded as of 10:48 a.m. ET. Average volume has been 277,800 shares over the past 30 days.

Acadia has a market cap of $961.3 million and is part of the financial sector and real estate industry. Shares are up 13.7% year to date as of the close of trading on Wednesday.

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 45.9, above the average real estate industry P/E ratio of 17.8 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.

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