Analyzing Retail REITs: Upgraded Outlook for Tanger, Downgraded Expectations for Kimco and ROIC
BofA Securities analyst Jeffrey Spector upgraded AKR, Tanger Inc., and downgraded KIM and ROIC after Retail Executive Summit with 8 REITs.
Earnings Scheduled For February 13, 2024
Companies Reporting Before The Bell
• LCI Indus (NYSE:LCII) is likely to report quarterly earnings at $0.18 per share on revenue of $838.27 million.
Earnings Scheduled For October 30, 2023
Companies Reporting Before The Bell
• HSBC Holdings (NYSE:HSBC) is likely to report earnings for its third quarter.
Earnings Scheduled For August 1, 2023
Companies Reporting Before The Bell
• Toyota Motor (NYSE:TM) is estimated to report earnings for its first quarter.
• BP (NYSE:BP) is projected to report quarterly earnings at $1.21 per share on revenue of $54.48 billion.
Acadia Realty Trust Q4 AFFO $0.27 Down From $0.29 YoY, Sales $79.33M Beat $74.08M Estimate
Acadia Realty Trust (NYSE:AKR) reported quarterly earnings of $0.27 per share. This is a 6.9 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of
Earnings Scheduled For February 14, 2023
Companies Reporting Before The Bell
• WESCO International (NYSE:WCC) is projected to report quarterly earnings at $3.79 per share on revenue of $5.37 billion.
Keybanc Downgrades Acadia Realty Trust to Sector Weight
Keybanc analyst Todd Thomas downgrades Acadia Realty Trust (NYSE:AKR) from Overweight to Sector Weight.
JP Morgan Maintains Underweight on Acadia Realty Trust, Lowers Price Target to $16
JP Morgan analyst Michael Mueller maintains Acadia Realty Trust (NYSE:AKR) with a Underweight and lowers the price target from $19 to $16.
Investors Show Optimism For Retail REITs On Black Friday
Retail stocks had mixed results during market hours Friday as early reports suggested the shopping holiday was off to a slower-than-normal start.
These 2 Shopping Center REITs Are Down More Than The S&P 500: Is Now The Time To Buy?
As the Vanguard Real Estate ETF (ARCA:VNQ) is down roughly 31% year-to-date, real estate investment trusts are being beaten down as the sector continues to decline.