
Acadia Realty Trust (NYSE:AKR) Announces Earnings Results

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Acadia Realty Trust (NYSE:AKR) reported quarterly earnings of $0.04 EPS, missing estimates of $0.33 by $0.29. The company generated revenue of $104.77 million, exceeding expectations of $92.19 million. Acadia's return on equity was 0.63% with a net margin of 4.21%. The stock rose 2.2% to $21.46, with a market cap of $2.81 billion. Analysts have mixed ratings, with a consensus rating of "Hold" and a target price of $22.00. Institutional investors hold 97.65% of the stock, indicating strong institutional interest.
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