Acadia Realty Trust (NYSE:AKR - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $86.99 million for the quarter. Acadia Realty Trust has set its FY 2025 guidance at 1.300-1.390 EPS.
Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a return on equity of 0.88% and a net margin of 5.74%. On average, analysts expect Acadia Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Acadia Realty Trust Price Performance
Shares of AKR traded up $0.06 during midday trading on Friday, reaching $19.66. The stock had a trading volume of 679,101 shares, compared to its average volume of 1,049,632. Acadia Realty Trust has a 52 week low of $16.14 and a 52 week high of $26.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.96. The firm's 50 day moving average price is $20.88 and its 200-day moving average price is $23.01. The company has a market capitalization of $2.35 billion, a P/E ratio of 109.22, a P/E/G ratio of 6.09 and a beta of 1.24.
Acadia Realty Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Monday, March 31st. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's payout ratio is currently 444.44%.
Insider Buying and Selling
In other news, EVP Jason Blacksberg sold 30,000 shares of Acadia Realty Trust stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.81, for a total transaction of $684,300.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.83% of the company's stock.
Analysts Set New Price Targets
Separately, Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a report on Thursday, April 10th.
Check Out Our Latest Stock Analysis on AKR
About Acadia Realty Trust
(
Get Free Report)
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.
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