KeyCorp lowered shares of Acadia Realty Trust (NYSE:AKR) from an overweight rating to a hold rating in a report published on Monday morning. KeyCorp also issued estimates for Acadia Realty Trust’s FY2017 earnings at $1.49 EPS and FY2018 earnings at $1.53 EPS.

A number of other research firms have also issued reports on AKR. Zacks Investment Research upgraded shares of Acadia Realty Trust from a strong sell rating to a hold rating in a report on Friday, July 28th. Boenning Scattergood set a $35.00 target price on shares of Acadia Realty Trust and gave the company a buy rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $33.50.

Shares of Acadia Realty Trust (NYSE:AKR) opened at $28.55 on Monday. Acadia Realty Trust has a 1 year low of $26.70 and a 1 year high of $34.30. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.48. The company has a market cap of $2,389.80, a PE ratio of 18.66, a P/E/G ratio of 1.90 and a beta of 0.62.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $51.70 million for 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%. 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 earned $0.36 EPS. analysts anticipate that Acadia Realty Trust will post 1.48 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Acadia Realty Trust (AKR) Lowered to “Hold” at KeyCorp” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/acadia-realty-trust-akr-lowered-to-hold-at-keycorp/1722855.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.78%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is 146.48%.

Large investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its holdings in shares of Acadia Realty Trust by 135.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 3,116 shares during the period. Royal Bank of Canada lifted its holdings in shares of Acadia Realty Trust by 72.2% during the 2nd 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 period. GAM Holding AG lifted its holdings in shares of Acadia Realty Trust by 5.5% during the 2nd 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 period. Ameritas Investment Partners Inc. lifted its holdings in shares of Acadia Realty Trust by 6.8% during the 2nd 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 period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Acadia Realty Trust by 14.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 1,000 shares during the period.

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.

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 Analyst Ratings Network's FREE daily email newsletter.