Acadia Realty Trust (NYSE:AKR) Posts Earnings Results, Misses Expectations By $0.25 EPS

Acadia Realty Trust (NYSE:AKR) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25), Yahoo Finance reports. Acadia Realty Trust had a return on equity of 0.03% and a net margin of 0.20%. The company had revenue of $87.70 million for the quarter, compared to analyst estimates of $70.88 million. During the same period last year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis.

Acadia Realty Trust Stock Performance

Shares of Acadia Realty Trust stock opened at $24.59 on Thursday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 273.22, a price-to-earnings-growth ratio of 6.30 and a beta of 1.47. The stock’s 50-day moving average is $23.18 and its 200-day moving average is $20.08. Acadia Realty Trust has a one year low of $13.48 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.08 and a quick ratio of 1.08.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AKR shares. Compass Point raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.00 to $27.00 in a research note on Thursday, October 10th. Truist Financial boosted their target price on Acadia Realty Trust from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, StockNews.com raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.60.

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.