Wall Street brokerages expect that Acadia Realty Trust (NYSE:AKR) will post sales of $51.33 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Acadia Realty Trust’s earnings, with the highest sales estimate coming in at $53.27 million and the lowest estimate coming in at $49.40 million. Acadia Realty Trust reported sales of $54.12 million during the same quarter last year, which indicates a negative year over year growth rate of 5.2%. The business is expected to issue its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Acadia Realty Trust will report full year sales of $51.33 million for the current year, with estimates ranging from $200.37 million to $208.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $208.48 million per share, with estimates ranging from $195.11 million to $221.85 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $51.70 million during the quarter, compared to the consensus estimate of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share.

Several equities research analysts recently weighed in on AKR shares. KeyCorp downgraded shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research downgraded shares of 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 set a $35.00 price target on shares of Acadia Realty Trust in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.50.

A number of large investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its position in Acadia Realty Trust by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 132,315 shares of the real estate investment trust’s stock worth $3,787,000 after purchasing an additional 6,987 shares during the period. Pinebridge Investments L.P. grew its position in Acadia Realty Trust by 158.1% in the 3rd quarter. Pinebridge Investments L.P. now owns 48,309 shares of the real estate investment trust’s stock worth $1,383,000 after purchasing an additional 29,594 shares during the period. Dimensional Fund Advisors LP grew its position in Acadia Realty Trust by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,235,503 shares of the real estate investment trust’s stock worth $35,360,000 after purchasing an additional 39,392 shares during the period. Schwab Charles Investment Management Inc. grew its position in Acadia Realty Trust by 7.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 924,941 shares of the real estate investment trust’s stock worth $26,472,000 after purchasing an additional 64,702 shares during the period. Finally, Wells Fargo & Company MN grew its position in Acadia Realty Trust by 176.3% in the 3rd quarter. Wells Fargo & Company MN now owns 374,263 shares of the real estate investment trust’s stock worth $10,712,000 after purchasing an additional 238,806 shares during the period.

Shares of Acadia Realty Trust (NYSE:AKR) opened at $28.14 on Tuesday. The firm has a market cap of $2,316.98, a P/E ratio of 18.09, a P/E/G ratio of 1.85 and a beta of 0.61. 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 1 year low of $26.70 and a 1 year high of $34.30.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s payout ratio is 146.48%.

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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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