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Acadia Realty Trust (AKR)
After hours:
| Previous close | 16.64 |
| Open | 16.76 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's range | 16.65 - 16.86 |
| 52-week range | 12.37 - 17.73 |
| Volume | |
| Avg. volume | 1,170,329 |
| Market cap | 1.886B |
| Beta (5Y monthly) | 1.46 |
| PE ratio (TTM) | 83.75 |
| EPS (TTM) | 0.20 |
| Earnings date | 29 Apr 2024 |
| Forward dividend & yield | 0.72 (4.30%) |
| Ex-dividend date | 27 Mar 2024 |
| 1y target est | 18.60 |
Benzinga4 REITs That Have Beaten The Latest Correction
Recent unexpected strength in the March Consumer Price Index (CPI) and retail sales report shook the bond market this past week, triggering a sell-off in interest-rate sensitive stocks such as real estate investment trusts (REITs). The Vanguard Real Estate Index Fund ETF (NYSE:VNQ) sank 6.5% from $85.97 to $80.32 over the past four trading days as of April 17, 2024. REITs across several different sub-sectors, such as Prologis Inc. (NYSE:PLD), SL Green Realty Corp. (NYSE:SLG), Simon Property Grou
Business WireAcadia Realty Trust Announces Expanded $750 Million Senior Unsecured Revolving Credit and Term Loan Facility
RYE, N.Y., April 15, 2024--Acadia Realty Trust (NYSE: AKR) (the "Company") announced today that it closed on a $750 million amended and restated credit facility, which replaces and extends the Company’s existing $700 million credit facility. The facility was oversubscribed and maintained the pricing spread from the prior facility while improving its financial covenant package.
BenzingaAnalysts Just Upgraded These 4 REITs
The start of the second quarter of 2024 has been challenging for real estate investment trusts (REITs). On Good Friday, when Federal Reserve Chairman Jerome Powell noted that higher-than-expected strength in job gains and inflation may delay or reduce interest rate cuts in 2024, markets again sold off interest rate-sensitive stocks such as REITs. Despite the latest disappointment, there was some good news last week, as analysts upgraded several REITs and raised price targets on many others while
