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

Acadia Realty Trust (NYSE:AKR) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23, Zacks reports. Acadia Realty Trust had a return on equity of 0.48% and a net margin of 3.07%. Acadia Realty Trust updated its FY 2025 guidance to 1.300-1.390 EPS.

Acadia Realty Trust Trading Up 2.1 %

Acadia Realty Trust stock opened at $23.75 on Wednesday. The firm’s fifty day moving average price is $23.69 and its 200-day moving average price is $23.45. Acadia Realty Trust has a fifty-two week low of $16.09 and a fifty-two week high of $26.29. The stock has a market cap of $2.84 billion, a P/E ratio of 263.92, a PEG ratio of 6.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AKR shares. Truist Financial increased their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. StockNews.com lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.00.

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.