Acadia Realty Trust (NYSE:AKR – Get Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $1.24-1.32 for the period, compared to the consensus earnings per share estimate of $1.28.
Analyst Ratings Changes
AKR has been the topic of several analyst reports. Truist Financial downgraded shares of Acadia Realty Trust from a buy rating to a hold rating and set a $18.00 target price on the stock. in a research report on Tuesday, January 16th. Bank of America raised shares of Acadia Realty Trust from a neutral rating to a buy rating and boosted their price target for the stock from $18.00 to $20.00 in a research note on Friday, April 5th. Finally, Jefferies Financial Group raised Acadia Realty Trust from a hold rating to a buy rating and raised their price objective for the stock from $15.00 to $20.00 in a research note on Tuesday, January 2nd. One investment 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 data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $18.50.
View Our Latest Stock Analysis on AKR
Acadia Realty Trust Trading Up 1.6 %
Acadia Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, March 27th. Acadia Realty Trust’s dividend payout ratio (DPR) is 378.97%.
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.
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