Acadia Realty Trust (AKR) Scheduled to Post Earnings on Monday

Acadia Realty Trust (NYSE:AKR) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Acadia Realty Trust to post earnings of $0.30 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Acadia Realty Trust Price Performance

NYSE AKR opened at $17.32 on Friday. The stock’s 50-day moving average price is $16.72 and its two-hundred day moving average price is $16.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.78 billion, a PE ratio of 91.14, a PEG ratio of 11.77 and a beta of 1.44. Acadia Realty Trust has a 1 year low of $12.37 and a 1 year high of $17.73.

Acadia Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.72 annualized dividend and a yield of 4.16%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 378.97%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AKR shares. Jefferies Financial Group raised Acadia Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $15.00 to $20.00 in a research note on Tuesday, January 2nd. Bank of America raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $20.00 in a research report on Friday, April 5th. Finally, Truist Financial lowered Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Acadia Realty Trust presently has an average rating of “Hold” and an average price target of $18.50.

Acadia Realty Trust Company Profile

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.