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

Acadia Realty Trust (NYSE:AKR - Get Free Report) 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 Price Performance

AKR stock traded down $0.85 during midday trading on Friday, reaching $23.90. The company had a trading volume of 1,151,262 shares, compared to its average volume of 813,390. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. Acadia Realty Trust has a 1 year low of $16.09 and a 1 year high of $26.29. The company has a market capitalization of $2.86 billion, a P/E ratio of 265.51, a P/E/G ratio of 6.24 and a beta of 1.46. The firm has a 50-day moving average price of $23.61 and a 200-day moving average price of $23.50.

Acadia Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Monday, March 31st. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's payout ratio is currently 844.44%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com cut shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. Truist Financial boosted their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock 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.