Other equities analysts have also recently issued reports about the stock. KeyCorp cut shares of Acadia Realty Trust from an overweight rating to a hold rating in a report on Monday, November 20th. Zacks Investment Research cut shares of Acadia Realty Trust from a hold rating to a sell rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Acadia Realty Trust currently has an average rating of Hold and a consensus target price of $33.50.
Acadia Realty Trust (AKR) traded down $0.22 during trading on Wednesday, hitting $27.46. 588,000 shares of the stock traded hands, compared to its average volume of 519,380. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.48. Acadia Realty Trust has a fifty-two week low of $26.70 and a fifty-two week high of $34.30. The stock has a market cap of $2,316.98, a PE ratio of 18.09, a P/E/G ratio of 1.85 and a beta of 0.61.
Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The business had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $55.94 million. During the same period in the previous year, the company posted $0.36 EPS. Acadia Realty Trust’s revenue was up 17.9% on a year-over-year basis. research analysts anticipate that Acadia Realty Trust will post 1.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.27 dividend. The ex-dividend date is Thursday, December 28th. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 3.93%. Acadia Realty Trust’s dividend payout ratio is currently 146.48%.
Large investors have recently modified their holdings of the stock. Westpac Banking Corp boosted its holdings in Acadia Realty Trust by 36.1% in the second quarter. Westpac Banking Corp now owns 453,919 shares of the real estate investment trust’s stock worth $12,619,000 after purchasing an additional 120,472 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Acadia Realty Trust by 7.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 129,661 shares of the real estate investment trust’s stock worth $3,618,000 after acquiring an additional 9,250 shares during the last quarter. Lazard Asset Management LLC lifted its position in Acadia Realty Trust by 86.8% during the 2nd quarter. Lazard Asset Management LLC now owns 20,446 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 9,500 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Acadia Realty Trust by 14.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 52,862 shares of the real estate investment trust’s stock worth $1,470,000 after acquiring an additional 6,680 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Acadia Realty Trust by 13.6% during the 2nd quarter. Legal & General Group Plc now owns 668,435 shares of the real estate investment trust’s stock worth $18,585,000 after acquiring an additional 80,206 shares during the last quarter.
About Acadia Realty Trust
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers.
Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.