Acadia Realty Trust (NYSE:AKR) Issues Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Acadia Realty Trust (NYSE:AKR) announced its earnings results on Tuesday. The real estate investment trust reported $0.32 EPS for the quarter, topping 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 Trading Up 1.5 %

Acadia Realty Trust stock opened at $24.10 on Thursday. The company’s fifty day simple moving average is $23.66 and its 200-day simple moving average is $23.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. Acadia Realty Trust has a 12 month low of $16.09 and a 12 month high of $26.29. The stock has a market cap of $2.88 billion, a P/E ratio of 267.78, a P/E/G ratio of 6.24 and a beta of 1.46.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Monday, March 31st. Acadia Realty Trust’s payout ratio is currently 844.44%.

Analysts Set New Price Targets

Several research firms have issued reports on AKR. Truist Financial lifted their price target on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.00.

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.