Analysts predict that Acadia Realty Trust (NYSE:AKR) will post sales of $49.15 million for the current quarter, according to Zacks. Two analysts have issued estimates for Acadia Realty Trust’s earnings. The highest sales estimate is $50.58 million and the lowest is $47.71 million. Acadia Realty Trust posted sales of $51.10 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.8%. The firm is expected to report its next earnings report on Tuesday, October 24th.

On average, analysts expect that Acadia Realty Trust will report full-year sales of $49.15 million for the current fiscal year, with estimates ranging from $195.50 million to $199.63 million. For the next year, analysts anticipate that the company will post sales of $205.88 million per share, with estimates ranging from $199.16 million to $212.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. The firm 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 for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS.

Several analysts have issued reports on AKR shares. Zacks Investment Research raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Boenning Scattergood set a $35.00 price objective on shares of Acadia Realty Trust and gave the company a “buy” rating in a research report on Thursday, July 27th. KeyCorp lowered their price objective on shares of Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, June 28th. BidaskClub raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $30.00 price objective (down previously from $35.00) on shares of Acadia Realty Trust in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $34.60.

Shares of Acadia Realty Trust (AKR) opened at 28.84 on Monday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 44.64 and a beta of 0.59. Acadia Realty Trust has a one year low of $26.70 and a one year high of $37.54. The firm’s 50-day moving average price is $28.70 and its 200-day moving average price is $29.62.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio (DPR) is 162.50%.

Several hedge funds have recently added to or reduced their stakes in AKR. Metropolitan Life Insurance Co. NY increased its stake in Acadia Realty Trust by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 59,930 shares of the real estate investment trust’s stock worth $1,801,000 after buying an additional 155 shares during the last quarter. Nationwide Fund Advisors increased its stake in Acadia Realty Trust by 0.4% in the second quarter. Nationwide Fund Advisors now owns 52,380 shares of the real estate investment trust’s stock worth $1,456,000 after buying an additional 214 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Acadia Realty Trust by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,470 shares of the real estate investment trust’s stock worth $555,000 after buying an additional 290 shares during the last quarter. GAM Holding AG increased its stake in 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. Finally, Quadrant Capital Management LLC increased its stake in Acadia Realty Trust by 1.7% in the first quarter. Quadrant Capital Management LLC now owns 23,002 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 375 shares during 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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Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

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