Acadia Realty Trust (AKR) to Release Earnings on Monday

Acadia Realty Trust (NYSE:AKR) is scheduled to 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. Parties that wish to register for the company’s conference call can do so using this link.

Acadia Realty Trust Price Performance

Shares of NYSE:AKR opened at $17.32 on Friday. The business’s 50 day simple moving average is $16.72 and its 200-day simple moving average is $16.19. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 91.16, a price-to-earnings-growth ratio of 11.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.87. Acadia Realty Trust has a 12 month low of $12.37 and a 12 month high of $17.73.

Acadia Realty Trust Announces Dividend

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

Analyst Ratings Changes

AKR has been the subject of several analyst reports. Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $20.00 in a report on Friday, April 5th. Truist Financial cut shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Tuesday, January 16th. Finally, Jefferies Financial Group raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $20.00 in a research report on Tuesday, January 2nd. One investment 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.com, the stock presently has an average 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.