Jefferies (NYSE:JEF) analyst Linda Tsai maintained a Buy rating on Acadia Realty (NYSE:AKR) Trust on Thursday, setting a price target of $26, which is approximately 16.85% above the present share price of $22.25.
Tsai expects Acadia Realty Trust to post earnings per share (EPS) of $0.06 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Acadia Realty, with an average price target of $25.33.
The analysts price targets range from a high of $26 to a low of $25.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $69.39 million and a net profit of $4.07 million. The company's market cap is $1.92 billion.
According to TipRanks.com, Jefferies analyst Linda Tsai is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 17.2% and a 75.00% success rate.
Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate. The Structured Financing segment involves earnings and expenses related to notes and mortgages receivable which are held within the Core Portfolio or the Funds. The company was founded by Kenneth F. Bernstein in 1964 and is headquartered in Rye, NY.