Acadia Realty Trust (NYSE:AKR – Get Free Report) will be issuing its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Acadia Realty Trust has set its FY24 guidance at $1.26-1.32 EPS and its FY 2024 guidance at 1.260-1.320 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Acadia Realty Trust (NYSE:AKR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.30). Acadia Realty Trust had a return on equity of 0.03% and a net margin of 0.20%. The company had revenue of $87.25 million for the quarter, compared to analyst estimates of $70.16 million. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect Acadia Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Acadia Realty Trust Stock Performance
NYSE:AKR opened at $24.01 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.76. Acadia Realty Trust has a fifty-two week low of $13.24 and a fifty-two week high of $24.75. The stock has a market cap of $2.48 billion, a PE ratio of 300.13, a price-to-earnings-growth ratio of 6.30 and a beta of 1.47. The firm’s fifty day simple moving average is $23.00 and its 200-day simple moving average is $19.92.
Acadia Realty Trust Increases Dividend
Wall Street Analysts Forecast Growth
AKR has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $27.00 in a research report on Thursday, October 10th. Finally, StockNews.com lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $21.60.
Get Our Latest Report on Acadia Realty Trust
About Acadia Realty Trust
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
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