Acadia Realty Trust (NYSE:AKR) – Equities researchers at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for shares of Acadia Realty Trust in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings per share of $0.37 for the quarter. Boenning Scattergood has a “Buy” rating and a $35.00 price target on the stock. Boenning Scattergood also issued estimates for Acadia Realty Trust’s Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.45 EPS.
Other research analysts have also issued reports about the company. KeyCorp lowered Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.50.
Acadia Realty Trust (NYSE:AKR) traded down $0.28 on Wednesday, hitting $25.73. The stock had a trading volume of 552,723 shares, compared to its average volume of 453,229. The company has a market cap of $2,150.00, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. Acadia Realty Trust has a 52-week low of $25.53 and a 52-week high of $32.89.
Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates of $55.94 million. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 150.00%.
A number of large investors have recently made changes to their positions in AKR. Schwab Charles Investment Management Inc. increased its position in Acadia Realty Trust by 10.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 860,239 shares of the real estate investment trust’s stock valued at $23,915,000 after buying an additional 82,647 shares in the last quarter. First Trust Advisors LP increased its position in Acadia Realty Trust by 73.8% during the 2nd quarter. First Trust Advisors LP now owns 48,660 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 20,656 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Acadia Realty Trust by 4.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,047 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 846 shares in the last quarter. Swiss National Bank increased its position in Acadia Realty Trust by 6.3% during the 2nd quarter. Swiss National Bank now owns 141,100 shares of the real estate investment trust’s stock valued at $3,923,000 after buying an additional 8,300 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Acadia Realty Trust by 11.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 325,544 shares of the real estate investment trust’s stock valued at $9,049,000 after buying an additional 33,321 shares in 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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