Acadia Realty Trust (NYSE:AKR – Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.27), Yahoo Finance reports. Acadia Realty Trust had a net margin of 5.72% and a return on equity of 0.91%. The company had revenue of $91.36 million for the quarter, compared to the consensus estimate of $69.75 million. During the same period last year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. Acadia Realty Trust updated its FY24 guidance to $1.24-1.32 EPS and its FY 2024 guidance to 1.240-1.320 EPS.
Acadia Realty Trust Trading Up 1.6 %
NYSE AKR opened at $17.61 on Tuesday. The stock has a market cap of $1.81 billion, a P/E ratio of 92.66, a price-to-earnings-growth ratio of 11.56 and a beta of 1.44. Acadia Realty Trust has a fifty-two week low of $12.37 and a fifty-two week high of $17.73. The stock has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $16.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.87 and a current ratio of 0.87.
Acadia Realty Trust Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Wednesday, March 27th. Acadia Realty Trust’s payout ratio is 378.97%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on AKR
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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