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

Acadia Realty Trust (NYSE:AKR) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.09 by $0.23, Zacks reports. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. Acadia Realty Trust updated its FY 2025 guidance to 1.300-1.390 EPS.

Acadia Realty Trust Stock Up 2.1 %

NYSE:AKR traded up $0.48 during mid-day trading on Tuesday, reaching $23.75. The stock had a trading volume of 1,020,708 shares, compared to its average volume of 877,530. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 263.92, a price-to-earnings-growth ratio of 6.24 and a beta of 1.46. Acadia Realty Trust has a 1-year low of $16.09 and a 1-year high of $26.29. The stock’s 50 day simple moving average is $23.72 and its two-hundred day simple moving average is $23.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Truist Financial raised their target price on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.00.

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.