Equities analysts expect Acadia Realty Trust (NYSE:AKR) to announce sales of $46.02 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Acadia Realty Trust’s earnings. The highest sales estimate is $47.71 million and the lowest is $44.32 million. Acadia Realty Trust reported sales of $51.10 million during the same quarter last year, which indicates a negative year over year growth rate of 9.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Acadia Realty Trust will report full year sales of $46.02 million for the current fiscal year, with estimates ranging from $178.81 million to $195.50 million. For the next financial year, analysts forecast that the business will post sales of $192.36 million per share, with estimates ranging from $185.55 million to $199.16 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.29. Acadia Realty Trust had a return on equity of 2.52% and a net margin of 23.63%. The business had revenue of $59.50 million during the quarter, compared to analysts’ expectations of $53.72 million. During the same period in the prior year, the firm posted $0.37 EPS. Acadia Realty Trust’s quarterly revenue was up 35.2% compared to the same quarter last year.

Several equities research analysts recently issued reports on the company. Boenning Scattergood set a $35.00 price target on Acadia Realty Trust and gave the company a “buy” rating in a research note on Thursday. BidaskClub upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. KeyCorp cut their price target on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, June 28th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price target on shares of Acadia Realty Trust in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.67.

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Shares of Acadia Realty Trust (NYSE AKR) traded up 0.67% during trading on Thursday, hitting $29.83. The stock had a trading volume of 244,448 shares. Acadia Realty Trust has a 12-month low of $26.70 and a 12-month high of $37.98. The stock has a market capitalization of $2.53 billion, a P/E ratio of 40.70 and a beta of 0.58. The stock’s 50-day moving average is $28.08 and its 200-day moving average is $29.79.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.51%. Acadia Realty Trust’s payout ratio is 162.50%.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Acadia Realty Trust by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,251,912 shares of the real estate investment trust’s stock worth $398,353,000 after buying an additional 455,193 shares during the last quarter. BlackRock Inc. increased its stake in Acadia Realty Trust by 9,971.2% in the first quarter. BlackRock Inc. now owns 12,171,692 shares of the real estate investment trust’s stock worth $365,879,000 after buying an additional 12,050,835 shares during the last quarter. State Street Corp increased its stake in Acadia Realty Trust by 7.4% in the first quarter. State Street Corp now owns 3,152,708 shares of the real estate investment trust’s stock worth $94,765,000 after buying an additional 216,710 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Acadia Realty Trust by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 1,246,966 shares of the real estate investment trust’s stock worth $37,485,000 after buying an additional 98,174 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Acadia Realty Trust by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,112,019 shares of the real estate investment trust’s stock worth $33,427,000 after buying an additional 106,366 shares during the last quarter.

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

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