Acadia Realty Trust (NYSE:AKR) Scheduled to Post Quarterly Earnings on Tuesday
Acadia Realty Trust (NYSE:AKR) will be releasing its earnings data after the market closes on Tuesday, July 25th. Analysts expect Acadia Realty Trust to post earnings of $0.08 per share for the quarter. Acadia Realty Trust has set its FY17 guidance at $1.44-1.54 EPS.
Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $62 million for the quarter, compared to the consensus estimate of $45.41 million. Acadia Realty Trust had a return on equity of 2.92% and a net margin of 27.19%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. On average, analysts expect Acadia Realty Trust to post $1.48 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
Shares of Acadia Realty Trust (AKR) opened at 28.51 on Tuesday. The firm’s 50-day moving average price is $27.68 and its 200 day moving average price is $30.36. The stock has a market cap of $2.42 billion, a P/E ratio of 38.89 and a beta of 0.58. Acadia Realty Trust has a 1-year low of $26.70 and a 1-year high of $38.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, June 28th. Acadia Realty Trust’s payout ratio is 140.54%.
A number of equities analysts recently issued reports on AKR shares. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BMO Capital Markets reissued a “buy” rating and set a $36.00 price target on shares of Acadia Realty Trust in a report on Wednesday, June 21st. BidaskClub raised Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. TheStreet lowered Acadia Realty Trust from a “b-” rating to a “c” rating in a report on Monday, April 24th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $30.00 price target (down previously from $35.00) on shares of Acadia Realty Trust in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.60.
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.
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