Acadia Realty Trust (NYSE:AKR) Releases FY 2025 Earnings Guidance

Key Points

• Acadia Realty Trust has issued its FY 2025 earnings guidance with an EPS estimate of 1.320-1.390, slightly above the consensus estimate of 1.351.
• The company's stock performance showed an increase of $0.54 to reach $19.14, with a market cap of $2.51 billion.
• Acadia Realty Trust declared a quarterly dividend of $0.20, yielding an annualized dividend of 4.18%, although its payout ratio is notably high at 500%.

Acadia Realty Trust (NYSE:AKR - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.320-1.390 for the period, compared to the consensus estimate of 1.351. The company issued revenue guidance of -.

Acadia Realty Trust Stock Down 1.1%

Acadia Realty Trust stock traded down $0.21 during mid-day trading on Friday, hitting $18.51. The company had a trading volume of 2,758,336 shares, compared to its average volume of 1,451,687. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. The stock's 50 day moving average price is $18.92 and its two-hundred day moving average price is $20.44. Acadia Realty Trust has a 12 month low of $16.98 and a 12 month high of $26.29. The company has a market capitalization of $2.42 billion, a PE ratio of 115.69, a price-to-earnings-growth ratio of 2.94 and a beta of 1.41.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%. The company had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. During the same period last year, the firm posted $0.31 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Acadia Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. Acadia Realty Trust's payout ratio is currently 500.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AKR. Truist Financial upgraded Acadia Realty Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Thursday, April 10th. Wall Street Zen cut Acadia Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday.

Institutional Trading of Acadia Realty Trust

A number of hedge funds have recently bought and sold shares of AKR. Royal Bank of Canada increased its position in Acadia Realty Trust by 83.2% during the first quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust's stock valued at $885,000 after acquiring an additional 19,184 shares during the last quarter. Jane Street Group LLC purchased a new stake in Acadia Realty Trust during the first quarter valued at $1,284,000. Intech Investment Management LLC increased its position in Acadia Realty Trust by 51.4% during the first quarter. Intech Investment Management LLC now owns 68,549 shares of the real estate investment trust's stock valued at $1,436,000 after acquiring an additional 23,282 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Acadia Realty Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust's stock valued at $1,461,000 after acquiring an additional 3,045 shares during the last quarter. Finally, Millennium Management LLC increased its position in Acadia Realty Trust by 31.1% during the first quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust's stock valued at $16,993,000 after acquiring an additional 192,267 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company's stock.

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.