FY2018 Earnings Forecast for Acadia Realty Trust Issued By KeyCorp (AKR)

Acadia Realty Trust (NYSE:AKR) – Equities researchers at KeyCorp dropped their FY2018 EPS estimates for shares of Acadia Realty Trust in a note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $1.41 per share for the year, down from their previous estimate of $1.53. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Acadia Realty Trust’s FY2019 earnings at $1.50 EPS.

A number of other equities research analysts also recently issued reports on the stock. Boenning Scattergood reissued a “buy” rating and issued a $35.00 price target on shares of Acadia Realty Trust in a report on Monday, November 6th. Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.50.

Shares of Acadia Realty Trust (NYSE:AKR) opened at $25.39 on Thursday. Acadia Realty Trust has a fifty-two week low of $25.35 and a fifty-two week high of $32.89. The stock has a market cap of $2,125.30, a PE ratio of 16.59, a PEG ratio of 1.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.48.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $51.70 million for the quarter, compared to the consensus estimate of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.25%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is 152.11%.

Hedge funds have recently bought and sold shares of the stock. Westpac Banking Corp increased its position in shares of 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 during the last quarter. Russell Investments Group Ltd. increased its position in shares of Acadia Realty Trust by 7.7% in the second quarter. Russell Investments Group Ltd. now owns 129,661 shares of the real estate investment trust’s stock worth $3,618,000 after purchasing an additional 9,250 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Acadia Realty Trust by 86.8% in the second quarter. Lazard Asset Management LLC now owns 20,446 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 9,500 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Acadia Realty Trust by 14.5% in the second quarter. BNP Paribas Arbitrage SA now owns 52,862 shares of the real estate investment trust’s stock worth $1,470,000 after purchasing an additional 6,680 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Acadia Realty Trust by 13.6% in the second quarter. Legal & General Group Plc now owns 668,435 shares of the real estate investment trust’s stock worth $18,585,000 after purchasing an additional 80,206 shares during the last quarter.

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Acadia Realty Trust Company Profile

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.

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Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

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