Acadia Realty Trust (NYSE:AKR) – Equities research analysts at KeyCorp reduced their FY2018 earnings estimates for shares of Acadia Realty Trust in a report released on Thursday. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $1.60 per share for the year, down from their previous forecast of $1.63. KeyCorp has a “Overweight” rating and a $33.00 price objective on the stock.

A number of other analysts have also commented on AKR. TheStreet lowered shares of Acadia Realty Trust from a “b-” rating to a “c” rating in a report on Monday, April 24th. Zacks Investment Research raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Citigroup Inc. reissued a “neutral” rating and issued a $30.00 price target (down previously from $35.00) on shares of Acadia Realty Trust in a report on Tuesday, June 6th. BidaskClub raised shares of Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Acadia Realty Trust in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.60.

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Shares of Acadia Realty Trust (AKR) opened at 29.75 on Monday. The stock’s 50 day moving average price is $28.31 and its 200 day moving average price is $29.71. Acadia Realty Trust has a 1-year low of $26.70 and a 1-year high of $37.54. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 46.05 and a beta of 0.59.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data 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 business had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a return on equity of 2.50% and a net margin of 23.63%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Wednesday, June 28th. Acadia Realty Trust’s payout ratio is presently 162.50%.

A number of institutional investors have recently made changes to their positions in AKR. GAM Holding AG raised its position in shares of Acadia Realty Trust by 5.5% in the second quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 356 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Acadia Realty Trust by 42.2% in the first quarter. Daiwa Securities Group Inc. now owns 6,741 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,000 shares during the last quarter. Princeton Alpha Management LP bought a new position in shares of Acadia Realty Trust during the first quarter worth $225,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Acadia Realty Trust during the first quarter worth $327,000. Finally, Jane Street Group LLC bought a new position in shares of Acadia Realty Trust during the first quarter worth $344,000.

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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