Acadia Realty Trust (NYSE:AKR) – Boenning Scattergood cut their Q2 2018 earnings estimates for shares of Acadia Realty Trust in a report released on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.33 per share for the quarter, down from their prior estimate of $0.39. Boenning Scattergood currently has a “Buy” rating and a $35.00 target price on the stock. Boenning Scattergood also issued estimates for Acadia Realty Trust’s Q3 2018 earnings at $0.36 EPS.

Several other research analysts have also recently weighed in on the stock. KeyCorp cut shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a report on Monday, November 20th. Zacks Investment Research cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

Acadia Realty Trust (NYSE AKR) traded down $0.33 during trading on Monday, reaching $27.12. 395,200 shares of the company’s stock traded hands, compared to its average volume of 518,859. The company has a market cap of $2,297.73, a PE ratio of 17.94, a P/E/G ratio of 1.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.48. Acadia Realty Trust has a 52-week low of $26.70 and a 52-week high of $34.02.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $51.70 million for the quarter, compared to analysts’ expectations 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 was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.

The business also recently declared 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 is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 146.48%.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Acadia Realty Trust by 3.7% during the second quarter. Vanguard Group Inc. now owns 13,739,896 shares of the real estate investment trust’s stock worth $381,969,000 after purchasing an additional 487,984 shares during the period. BlackRock Inc. increased its holdings in shares of Acadia Realty Trust by 1.4% during the second quarter. BlackRock Inc. now owns 12,337,668 shares of the real estate investment trust’s stock worth $342,987,000 after purchasing an additional 165,976 shares during the period. FMR LLC increased its holdings in shares of Acadia Realty Trust by 3.3% during the second quarter. FMR LLC now owns 11,066,494 shares of the real estate investment trust’s stock worth $307,648,000 after purchasing an additional 348,630 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Acadia Realty Trust by 24.2% during the second quarter. Goldman Sachs Group Inc. now owns 5,750,851 shares of the real estate investment trust’s stock worth $159,874,000 after purchasing an additional 1,118,734 shares during the period. Finally, State Street Corp increased its holdings in shares of Acadia Realty Trust by 2.9% during the second quarter. State Street Corp now owns 3,243,651 shares of the real estate investment trust’s stock worth $90,178,000 after purchasing an additional 90,943 shares during the period.

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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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