Acadia Realty Trust (NYSE:AKR) Issues Quarterly Earnings Results

Acadia Realty Trust (NYSE:AKRGet Free Report) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25), Yahoo Finance reports. Acadia Realty Trust had a net margin of 0.20% and a return on equity of 0.03%. The company had revenue of $87.70 million for the quarter, compared to analyst estimates of $70.88 million. During the same period in the prior year, the company earned $0.27 EPS. The company’s revenue was up 7.7% compared to the same quarter last year.

Acadia Realty Trust Stock Down 0.6 %

AKR traded down $0.15 during trading on Tuesday, reaching $24.45. 121,149 shares of the stock traded hands, compared to its average volume of 979,438. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.08 and a quick ratio of 1.08. Acadia Realty Trust has a fifty-two week low of $13.24 and a fifty-two week high of $24.75. The stock’s 50-day simple moving average is $23.07 and its two-hundred day simple moving average is $20.00. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 306.00, a price-to-earnings-growth ratio of 6.30 and a beta of 1.47.

Analyst Ratings Changes

AKR has been the topic of a number of recent research reports. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Truist Financial lifted their target price on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Finally, Compass Point upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $27.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.60.

View Our Latest Stock Analysis on Acadia Realty Trust

Acadia Realty Trust Company Profile

(Get Free Report)

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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Earnings History for Acadia Realty Trust (NYSE:AKR)

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