Acadia Realty Trust (AKR) Posts Quarterly Earnings, Beats Estimates By $0.02 EPS
Acadia Realty Trust (NYSE:AKR) announced its earnings results on Wednesday. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.02, Analyst RN reports.
Acadia Realty Trust (NYSE:AKR) traded down 0.63% during mid-day trading on Wednesday, hitting $28.44. The stock had a trading volume of 18,577 shares. Acadia Realty Trust has a one year low of $22.89 and a one year high of $28.93. The stock has a 50-day moving average of $28.30 and a 200-day moving average of $26.93. The company has a market cap of $1.632 billion and a price-to-earnings ratio of 31.04.
On the ratings front, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Acadia Realty Trust in a research note on Tuesday, May 6th. They now have a $27.00 price target on the stock, down previously from $28.00.
Acadia Realty Trust (NYSE:AKR) is a real estate investment trust (REIT).
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