Acadia Realty Trust (NYSE:AKR) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.44-1.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Acadia Realty Trust from a hold rating to a sell rating in a report on Wednesday, July 12th. BMO Capital Markets restated a buy rating and issued a $36.00 target price on shares of Acadia Realty Trust in a report on Wednesday, June 21st. BidaskClub upgraded shares of Acadia Realty Trust from a strong sell rating to a sell rating in a report on Wednesday, June 14th. TheStreet cut shares of Acadia Realty Trust from a b- rating to a c rating in a report on Monday, April 24th. Finally, Citigroup Inc. restated a neutral rating and issued a $30.00 target price (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, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $34.60.

Shares of Acadia Realty Trust (NYSE AKR) traded up 1.29% during midday trading on Tuesday, reaching $28.99. 626,639 shares of the company traded hands. The company has a 50 day moving average price of $27.96 and a 200 day moving average price of $29.83. The company has a market capitalization of $2.46 billion, a PE ratio of 39.55 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.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.29. The company had revenue of $59.50 million for the quarter, compared to the consensus estimate of $53.72 million. Acadia Realty Trust had a net margin of 27.19% and a return on equity of 2.92%. Acadia Realty Trust’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, analysts expect that Acadia Realty Trust will post $0.40 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Wednesday, June 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 140.54%.

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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.

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

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