Acadia Realty Trust (NYSE:AKR) Releases Earnings Results, Misses Estimates By $0.25 EPS

Acadia Realty Trust (NYSE:AKR) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.25), Yahoo Finance reports. The firm had revenue of $87.70 million for the quarter, compared to the consensus estimate of $70.88 million. Acadia Realty Trust had a return on equity of 0.03% and a net margin of 0.20%. Acadia Realty Trust’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share.

Acadia Realty Trust Stock Down 0.6 %

Shares of Acadia Realty Trust stock traded down $0.15 during trading hours on Tuesday, reaching $24.45. 121,149 shares of the company’s stock were exchanged, compared to its average volume of 979,438. The stock has a market cap of $2.52 billion, a P/E ratio of 306.00, a P/E/G ratio of 6.30 and a beta of 1.47. The company has a 50 day moving average of $23.07 and a two-hundred day moving average of $20.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. Acadia Realty Trust has a fifty-two week low of $13.24 and a fifty-two week high of $24.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AKR shares. Compass Point upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $27.00 in a report on Thursday, October 10th. StockNews.com downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Finally, Truist Financial lifted their price target on Acadia Realty Trust from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.60.

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.