Acadia Realty Trust (AKR) to Issue Quarterly Dividend of $0.20 on April 15th

Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.20 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

Acadia Realty Trust has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Acadia Realty Trust has a payout ratio of 222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Acadia Realty Trust to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 55.6%.

Acadia Realty Trust Stock Down 1.9%

Shares of NYSE AKR opened at $18.79 on Friday. The firm’s 50-day moving average is $20.35 and its two-hundred day moving average is $20.19. The company has a market capitalization of $2.46 billion, a PE ratio of 208.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. Acadia Realty Trust has a 12-month low of $16.98 and a 12-month high of $22.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.28). Acadia Realty Trust had a return on equity of 0.49% and a net margin of 3.22%.The business had revenue of $104.77 million for the quarter, compared to analysts’ expectations of $92.19 million. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Company Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.