Acadia Realty Trust (NYSE:AKR - Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 1.240-1.320 for the period, compared to the consensus EPS estimate of 1.280. The company issued revenue guidance of -. Acadia Realty Trust also updated its FY24 guidance to $1.24-1.32 EPS.
Acadia Realty Trust Stock Performance
Acadia Realty Trust stock traded up $0.29 during midday trading on Monday, reaching $17.61. The stock had a trading volume of 834,792 shares, compared to its average volume of 1,187,877. The firm has a market capitalization of $1.81 billion, a PE ratio of 92.66, a P/E/G ratio of 11.56 and a beta of 1.44. Acadia Realty Trust has a 12 month low of $12.37 and a 12 month high of $17.73. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm's 50-day moving average price is $16.73 and its 200 day moving average price is $16.23.
Acadia Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Wednesday, March 27th. Acadia Realty Trust's dividend payout ratio (DPR) is currently 378.97%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Bank of America raised shares of Acadia Realty Trust from a neutral rating to a buy rating and raised their price objective for the stock from $18.00 to $20.00 in a report on Friday, April 5th. Jefferies Financial Group raised Acadia Realty Trust from a hold rating to a buy rating and raised their price target for the stock from $15.00 to $20.00 in a report on Tuesday, January 2nd. Finally, Truist Financial lowered Acadia Realty Trust from a buy rating to a hold rating and set a $18.00 price objective on the stock. in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Acadia Realty Trust presently has an average rating of Hold and an average price target of $18.50.
Read Our Latest Research Report on Acadia Realty Trust
About Acadia Realty Trust
(
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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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