Acadia Realty Trust (NYSE:AKR – Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.240-1.320 for the period, compared to the consensus earnings per share estimate of 1.280. The company issued revenue guidance of -. Acadia Realty Trust also updated its FY24 guidance to $1.24-1.32 EPS.
Analysts Set New Price Targets
A number of research firms have weighed in on AKR. Jefferies Financial Group upgraded shares of Acadia Realty Trust from a hold rating to a buy rating and upped their price target for the stock from $15.00 to $20.00 in a research report on Tuesday, January 2nd. 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 research report on Tuesday, January 16th. Finally, Bank of America upgraded shares of Acadia Realty Trust from a neutral rating to a buy rating and upped their price target for the stock from $18.00 to $20.00 in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $18.50.
Check Out Our Latest Research Report on AKR
Acadia Realty Trust Price Performance
Acadia Realty Trust Dividend Announcement
The business also recently announced 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. The ex-dividend date was Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.09%. Acadia Realty Trust’s dividend payout ratio is 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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