Brokerages Set Acadia Realty Trust (AKR) Target Price at $33.67

Shares of Acadia Realty Trust (NYSE:AKR) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $33.67.

AKR has been the topic of several analyst reports. Boenning Scattergood reissued a “buy” rating and set a $35.00 price target on shares of Acadia Realty Trust in a research report on Monday, November 6th. Zacks Investment Research lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, KeyCorp lowered shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its holdings in Acadia Realty Trust by 135.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 3,116 shares during the period. Royal Bank of Canada lifted its holdings in shares of Acadia Realty Trust by 72.2% during the 2nd quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 2,775 shares during the period. GAM Holding AG lifted its holdings in shares of Acadia Realty Trust by 5.5% during the 2nd quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 356 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Acadia Realty Trust by 6.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 472 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Acadia Realty Trust by 14.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 1,000 shares during the period.

Shares of Acadia Realty Trust (NYSE AKR) traded up $0.46 during trading hours on Friday, reaching $28.14. 751,464 shares of the company’s stock traded hands, compared to its average volume of 519,269. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.48. Acadia Realty Trust has a 52-week low of $26.70 and a 52-week high of $34.30. The company has a market cap of $2,316.98, a PE ratio of 18.09, a PEG ratio of 1.85 and a beta of 0.61.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, topping 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 firm 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 firm posted $0.36 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. research analysts expect that Acadia Realty Trust will post 1.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 3.84%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s dividend payout ratio is 146.48%.

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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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