Acadia Realty Trust (NYSE:AKR) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.33-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40.
Acadia Realty Trust (NYSE:AKR) traded down $0.17 during midday trading on Wednesday, reaching $22.60. 710,161 shares of the company’s stock traded hands, compared to its average volume of 695,079. The stock has a market capitalization of $1,930.26, a P/E ratio of 31.83, a PEG ratio of 1.86 and a beta of 0.46. Acadia Realty Trust has a 1-year low of $21.34 and a 1-year high of $32.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.48.
AKR has been the topic of several recent research reports. Boenning Scattergood reaffirmed a buy rating and set a $35.00 price objective on shares of Acadia Realty Trust in a report on Monday, November 6th. Zacks Investment Research downgraded shares of Acadia Realty Trust from a hold rating to a sell rating in a report on Wednesday, November 15th. Finally, KeyCorp downgraded shares of Acadia Realty Trust from an overweight rating to a hold rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $33.50.
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Acadia Realty Trust Company Profile
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.
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