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.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on AKR. Bank of America raised shares of Acadia Realty Trust from a neutral rating to a buy rating and lifted their target price for the company from $18.00 to $20.00 in a report on Friday, April 5th. Jefferies Financial Group raised shares of Acadia Realty Trust from a hold rating to a buy rating and boosted their price target for the stock from $15.00 to $20.00 in a report on Tuesday, January 2nd. Finally, Truist Financial lowered shares of Acadia Realty Trust from a buy rating to a hold rating and set a $18.00 price target for the company. in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $18.50.
View Our Latest Report on Acadia Realty Trust
Acadia Realty Trust Price Performance
Acadia Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.09%. The ex-dividend date was Wednesday, March 27th. Acadia Realty Trust’s payout ratio is presently 378.97%.
About Acadia Realty Trust
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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