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

Acadia Realty Trust (NYSE:AKR) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 Price Performance

NYSE:AKR traded up $0.48 during midday trading on Tuesday, hitting $23.75. 1,020,708 shares of the stock were exchanged, compared to its average volume of 877,530. Acadia Realty Trust has a one year low of $16.09 and a one year high of $26.29. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 263.92, a P/E/G ratio of 6.24 and a beta of 1.46. The business has a 50-day moving average price of $23.72 and a two-hundred day moving average price of $23.43. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AKR shares. Truist Financial lifted their price target on Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.