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

Acadia Realty Trust (NYSE:AKR) issued 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 net margin of 3.07% and a return on equity of 0.48%. Acadia Realty Trust updated its FY 2025 guidance to 1.300-1.390 EPS.

Acadia Realty Trust Trading Up 2.1 %

AKR opened at $23.75 on Wednesday. The stock has a 50-day moving average of $23.69 and a 200 day moving average of $23.45. The firm has a market cap of $2.84 billion, a P/E ratio of 263.92, a P/E/G ratio of 6.24 and a beta of 1.46. The company has a current ratio of 1.14, a quick 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.

Analyst Ratings Changes

Several research analysts have commented on AKR shares. Truist Financial upped their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. StockNews.com cut shares of 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. Based on data from MarketBeat.com, Acadia Realty Trust currently has an average rating of “Hold” and an average price target 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.