Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Wednesday, November 8th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.27 per share by the real estate investment trust on Friday, January 12th. This represents a $1.08 dividend on an annualized basis and a yield of 3.76%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26.

Acadia Realty Trust has raised its dividend payment by an average of 7.3% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Acadia Realty Trust has a dividend payout ratio of 69.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Acadia Realty Trust to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 67.1%.

Acadia Realty Trust (NYSE AKR) traded up $0.17 during trading on Wednesday, reaching $28.70. 450,340 shares of the company were exchanged, compared to its average volume of 492,138. Acadia Realty Trust has a fifty-two week low of $26.70 and a fifty-two week high of $34.30. The stock has a market cap of $2,334.56, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.70 and a beta of 0.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.58.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $51.70 million during the quarter, compared to analyst estimates of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. Acadia Realty Trust’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. equities research analysts anticipate that Acadia Realty Trust will post 1.49 earnings per share for the current fiscal year.

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A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Boenning Scattergood set a $35.00 price target on shares of Acadia Realty Trust and gave the company a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.50.

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.

Dividend History for Acadia Realty Trust (NYSE:AKR)

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