Cowen and Company Lowers Acadia Realty Trust Price Target to $25.00 (AKR)
Investment analysts at Cowen and Company reduced their price target on shares of Acadia Realty Trust (NYSE:AKR) from $28.00 to $25.00 in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s target price points to a potential upside of 3.43% from the stock’s previous close.
Shares of Acadia Realty Trust (NYSE:AKR) traded down 0.21% during mid-day trading on Thursday, hitting $24.17. The stock had a trading volume of 141,084 shares. Acadia Realty Trust has a 52-week low of $22.89 and a 52-week high of $29.32. The stock’s 50-day moving average is $24.80 and its 200-day moving average is $26.46. The company has a market cap of $1.340 billion and a P/E ratio of 26.79.
Acadia Realty Trust (NYSE:AKR) last released its earnings data on Tuesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.01. On average, analysts predict that Acadia Realty Trust will post $1.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, September 26th.
Acadia Realty Trust (NYSE:AKR) is a real estate investment trust (REIT).
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