Acadia Realty Trust (AKR) Issues FY18 Earnings Guidance

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.

Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

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