Acadia Realty Trust (NYSE:AKR) – Equities researchers at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for shares of Acadia Realty Trust in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings per share of $0.37 for the quarter. Boenning Scattergood has a “Buy” rating and a $35.00 price target on the stock. Boenning Scattergood also issued estimates for Acadia Realty Trust’s Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.45 EPS.

Other research analysts have also issued reports about the company. 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. One investment 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 company currently has a consensus rating of “Hold” and an average target price of $33.50.

Acadia Realty Trust (NYSE:AKR) traded down $0.28 on Wednesday, hitting $25.73. The stock had a trading volume of 552,723 shares, compared to its average volume of 453,229. The company has a market cap of $2,150.00, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.06 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 52-week low of $25.53 and a 52-week high of $32.89.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates 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 company posted $0.36 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.27 per share. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 150.00%.

A number of large investors have recently made changes to their positions in AKR. Schwab Charles Investment Management Inc. increased its position in Acadia Realty Trust by 10.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 860,239 shares of the real estate investment trust’s stock valued at $23,915,000 after buying an additional 82,647 shares in the last quarter. First Trust Advisors LP increased its position in Acadia Realty Trust by 73.8% during the 2nd quarter. First Trust Advisors LP now owns 48,660 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 20,656 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Acadia Realty Trust by 4.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,047 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 846 shares in the last quarter. Swiss National Bank increased its position in Acadia Realty Trust by 6.3% during the 2nd quarter. Swiss National Bank now owns 141,100 shares of the real estate investment trust’s stock valued at $3,923,000 after buying an additional 8,300 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Acadia Realty Trust by 11.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 325,544 shares of the real estate investment trust’s stock valued at $9,049,000 after buying an additional 33,321 shares in 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.

Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

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