Acadia Realty Trust (AKR) Set to Announce Quarterly Earnings on Tuesday
Acadia Realty Trust (NYSE:AKR) will issue its Q313 quarterly earnings data on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.31 per share and revenue of $29.40 million for the quarter.
Acadia Realty Trust (NYSE:AKR) last released its earnings data on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. On average, analysts expect Acadia Realty Trust to post $1.26 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.
Acadia Realty Trust (NYSE:AKR) opened at 26.10 on Monday. Acadia Realty Trust has a 52 week low of $23.34 and a 52 week high of $29.32. The stock has a 50-day moving average of $24.65 and a 200-day moving average of $26.43. The company has a market cap of $1.447 billion and a P/E ratio of 28.87.
On the ratings front, analysts at Cowen and Company cut their price target on shares of Acadia Realty Trust from $28.00 to $25.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Acadia Realty Trust has a consensus rating of “Hold” and an average price target of $27.25.
Acadia Realty Trust (NYSE:AKR) is a real estate investment trust (REIT).
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