If You Invested $1,000 In Acadia Realty 20 Years Ago, How Much Would You Have Now

David Kirakosyan

Tue, Oct 8, 2024, 11:00 AM 4 min read

The company is set to report its Q3 2024 earnings on October 28. Wall Street analysts expect the company to post an EPS of $0.32, up from $0.27 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $87.30 million, up from $79.96 million in the year-ago period.

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If You Bought Acadia Realty 20 Years Ago

The company's stock traded around $15.05 per share 20 years ago. If you had invested $1,000, you could have bought approximately 66 shares of Acadia Realty stock. Currently, shares are trading at $22.81, which means your investment's value could have increased to $1,516 because of stock price appreciation. But wait, the company also paid dividends during these 20 years.

Acadia Realty’s dividend yield is currently 3.33%. Over the last twenty years, it paid around $17.95 in dividends per share, which means you could have made $1,192 from dividends alone.

Summing up $1,516 and $1,192, we end up with the final value of your investment, which is $2,708. This is how much you could have made if you had invested $1,000 in Acadia Realty stock 20 years ago. This means a total return of 170.8%. However, this figure is significantly lower than the S&P 500 total return for the same period, which was 561.26%.

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What Could The Next 20 Years Bring?

Acadia Realty has a consensus rating of Neutral and a price target of $19.17 based on the ratings of eight analysts. The price target implies a nearly 16% potential downside from the current stock price.

On July 30, Acadia Realty reported its Q2 2024 earnings, posting an FFO of $0.31, in line with expectations and revenues of $85.626 million, beating the consensus estimate of $72.133 million, as reported by Benzinga.

Kenneth F. Bernstein, President and CEO of Acadia Realty Trust, commented, "We had another strong quarter driven by the acceleration of growth within our key Street markets. We have increased our earnings guidance and quarterly dividend given our strong performance. Furthermore, we have made progress on strategically positioning and strengthening our balance sheet. Finally, our pipeline of actionable and accretive investment opportunities across our key markets and Investment Management platform is accelerating.”

Given the expected downside potential, growth-focused investors may not find Acadia Realty stock attractive. Conversely, the stock can be a good option for income-focused investors, who benefit from the company's solid dividend yield of 3.33%.

Check out this article by Benzinga for three more stocks that offer high dividend yields.

Better Yields Than Some REITs?

The current interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.

Arrived Homes, the Jeff Bezos-backed investment platform, has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100.

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This article If You Invested $1,000 In Acadia Realty 20 Years Ago, How Much Would You Have Now originally appeared on Benzinga.com

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