Acadia Realty Trust (NYSE:AKR – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.28-$1.30 for the period, compared to the consensus estimate of $1.25. The company issued revenue guidance of -.
Analyst Ratings Changes
AKR has been the subject of several research analyst reports. Truist Financial dropped their price target on Acadia Realty Trust from $22.00 to $17.00 in a research note on Thursday, October 20th. Citigroup upgraded Acadia Realty Trust from a neutral rating to a buy rating and set a $17.00 price target on the stock in a report on Monday, September 19th. StockNews.com upgraded Acadia Realty Trust from a sell rating to a hold rating in a report on Thursday, November 3rd. Finally, TheStreet downgraded Acadia Realty Trust from a c rating to a d+ rating in a report on Tuesday, November 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $18.83.
Acadia Realty Trust Stock Up 1.3 %
Shares of AKR opened at $14.33 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 1.10. The business’s 50 day moving average price is $14.15 and its 200-day moving average price is $16.52. Acadia Realty Trust has a 52 week low of $12.28 and a 52 week high of $23.33.
Acadia Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.02%. Acadia Realty Trust’s dividend payout ratio is currently -180.00%.
Institutional Trading of Acadia Realty Trust
A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Acadia Realty Trust in the 1st quarter valued at approximately $45,000. Point72 Hong Kong Ltd bought a new position in Acadia Realty Trust in the 1st quarter valued at approximately $75,000. Sei Investments Co. lifted its position in Acadia Realty Trust by 7.2% in the 1st quarter. Sei Investments Co. now owns 11,526 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 771 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Acadia Realty Trust by 15.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,476 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Acadia Realty Trust in the 1st quarter valued at approximately $311,000.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Acadia Realty Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Acadia Realty Trust wasn’t on the list.
While Acadia Realty Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/RwJghE7
via IFTTT
No comments:
Post a Comment