Acadia Realty Trust (NYSE:AKR) – Stock analysts at KeyCorp lowered their FY2017 earnings per share estimates for shares of Acadia Realty Trust in a research note issued to investors on Sunday. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $1.49 for the year, down from their prior forecast of $1.50. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Acadia Realty Trust’s FY2018 earnings at $1.53 EPS.
Acadia Realty Trust (NYSE:AKR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The business had revenue of $51.70 million during the quarter, compared to analyst estimates of $55.94 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This piece of content was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/11/22/fy2017-eps-estimates-for-acadia-realty-trust-decreased-by-keycorp-akr.html.
Other analysts have also issued reports about the company. Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Acadia Realty Trust currently has a consensus rating of “Hold” and an average target price of $33.50.
Shares of Acadia Realty Trust (AKR) opened at $28.48 on Wednesday. Acadia Realty Trust has a 12-month low of $26.70 and a 12-month high of $34.30. The company has a market capitalization of $2,386.45, a PE ratio of 18.63, a P/E/G ratio of 1.91 and a beta of 0.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.48.
Institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC increased its position in Acadia Realty Trust by 135.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,416 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 3,116 shares in the last quarter. Royal Bank of Canada increased its holdings in 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 purchasing an additional 2,775 shares in the last quarter. GAM Holding AG increased its holdings in 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 purchasing an additional 356 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in 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 purchasing an additional 472 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in 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 purchasing an additional 1,000 shares in the last quarter.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.79%. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 28th. Acadia Realty Trust’s payout ratio is presently 146.48%.
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 MarketBeat.com's FREE daily email newsletter.