Acadia Realty Trust (AKR) to Release Earnings on Monday

Acadia Realty Trust (NYSE:AKR) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Acadia Realty Trust Trading Down 0.3 %

NYSE:AKR opened at $17.32 on Friday. Acadia Realty Trust has a one year low of $12.37 and a one year high of $17.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $1.78 billion, a P/E ratio of 91.16, a P/E/G ratio of 11.66 and a beta of 1.44. The firm has a 50-day simple moving average of $16.72 and a 200-day simple moving average of $16.19.

Acadia Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on AKR shares. Bank of America raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $20.00 in a research report on Friday, April 5th. Jefferies Financial Group raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $15.00 to $20.00 in a report on Tuesday, January 2nd. Finally, Truist Financial downgraded shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a report on Tuesday, January 16th. One equities research 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. Based on data from MarketBeat, Acadia Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.