Acadia Realty Trust (AKR) Receives Daily News Impact Rating of 0.30
Media coverage about Acadia Realty Trust (NYSE:AKR) has trended positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acadia Realty Trust earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.9380765241365 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Acadia Realty Trust (NYSE:AKR) opened at 29.64 on Thursday. Acadia Realty Trust has a 12 month low of $26.70 and a 12 month high of $35.46. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 45.88 and a beta of 0.60. The stock’s 50 day moving average price is $29.04 and its 200-day moving average price is $28.92.
Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.29. The firm had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Equities analysts forecast that Acadia Realty Trust will post $0.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio is 162.50%.
A number of brokerages have recently issued reports on AKR. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 target price on shares of Acadia Realty Trust in a research report on Wednesday, June 21st. BidaskClub raised Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. KeyCorp dropped their target price on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 28th. Finally, Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.50.
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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