Acadia Realty Trust (AKR) To Go Ex-Dividend on June 30th

Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Tuesday, June 30th will be given a dividend of 0.20 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Acadia Realty Trust has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Acadia Realty Trust has a payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Acadia Realty Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 60.2%.

Acadia Realty Trust Trading Down 2.1%

NYSE AKR opened at $21.14 on Thursday. The company has a market capitalization of $2.82 billion, a PE ratio of 70.45, a P/E/G ratio of 2.16 and a beta of 1.10. The company has a fifty day moving average of $20.59 and a 200 day moving average of $20.41. Acadia Realty Trust has a 1 year low of $18.04 and a 1 year high of $22.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.17. The company had revenue of $102.99 million during the quarter, compared to the consensus estimate of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. Research analysts forecast that Acadia Realty Trust will post 1.24 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on AKR. Zacks Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. upped their price objective on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Citigroup upped their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Acadia Realty Trust Company Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.