Acadia Realty Trust (NYSE:AKR) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.67.

AKR has been the topic of a number of research analyst reports. KeyCorp lowered Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $35.00 target price on shares of Acadia Realty Trust in a research report on Monday, November 6th.

Acadia Realty Trust (AKR) traded down $0.35 during mid-day trading on Friday, reaching $27.68. The company had a trading volume of 560,605 shares, compared to its average volume of 518,269. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. Acadia Realty Trust has a 12 month low of $26.70 and a 12 month high of $34.30. The firm has a market cap of $2,370.00, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.89 and a beta of 0.62.

Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $55.94 million. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. equities research analysts anticipate that Acadia Realty Trust will post 1.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.27 per share. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 144.44%.

Institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC increased its holdings in Acadia Realty Trust by 135.5% in the second quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 3,116 shares in the last quarter. Royal Bank of Canada boosted its position in Acadia Realty Trust by 72.2% during the second quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 2,775 shares during the last quarter. GAM Holding AG boosted its position in Acadia Realty Trust by 5.5% during the second quarter. GAM Holding AG now owns 6,880 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 356 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Acadia Realty Trust by 6.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,376 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 472 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Acadia Realty Trust by 14.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 1,000 shares during the last quarter.

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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.

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