Analysts forecast that Acadia Realty Trust (NYSE:AKR) will announce $0.33 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Acadia Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.34. Acadia Realty Trust posted earnings per share of $0.37 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.8%. The firm is expected to announce its next earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that Acadia Realty Trust will report full year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. For the next fiscal year, analysts anticipate that the business will report earnings of $1.48 per share, with EPS estimates ranging from $1.45 to $1.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $63.12 million during the quarter, compared to analysts’ expectations of $47.54 million. Acadia Realty Trust had a net margin of 21.17% and a return on equity of 2.44%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share.

A number of analysts have issued reports on the stock. Citigroup cut their price target on shares of Acadia Realty Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Boenning Scattergood reiterated a “buy” rating and set a $33.00 price target on shares of Acadia Realty Trust in a research note on Thursday, May 3rd. Finally, ValuEngine lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.25.

Institutional investors have recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth about $236,000. Xact Kapitalforvaltning AB acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth about $247,000. CIBC Asset Management Inc acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth about $277,000. Two Sigma Advisers LP acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth about $331,000. Finally, Eii Capital Management Inc. acquired a new position in shares of Acadia Realty Trust during the fourth quarter worth about $383,000.

AKR traded up $0.10 on Friday, hitting $27.23. The company had a trading volume of 40,881 shares, compared to its average volume of 738,076. The firm has a market cap of $2.22 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 2.29 and a beta of 0.46. Acadia Realty Trust has a 1 year low of $21.34 and a 1 year high of $30.63. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.42.

Acadia Realty Trust declared that its Board of Directors has approved a share buyback program on Wednesday, February 21st that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Thursday, June 28th. Acadia Realty Trust’s dividend payout ratio is presently 71.52%.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

Get a free copy of the Zacks research report on Acadia Realty Trust (AKR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.