Acadia Realty Trust (NYSE:AKR) is set to issue its quarterly earnings data after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Acadia Realty Trust has set its FY17 guidance at $1.44-1.54 EPS.
Acadia Realty Trust (NYSE:AKR) last released its earnings results on Monday, April 24th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Acadia Realty Trust had a return on equity of 2.92% and a net margin of 27.19%. The firm had revenue of $62 million for the quarter, compared to analysts’ expectations of $45.41 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 29.0% on a year-over-year basis. On average, analysts expect Acadia Realty Trust to post $1.48 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
Shares of Acadia Realty Trust (NYSE AKR) opened at 28.51 on Tuesday. The stock has a 50 day moving average price of $27.68 and a 200-day moving average price of $30.36. The stock has a market capitalization of $2.42 billion, a PE ratio of 38.89 and a beta of 0.58. Acadia Realty Trust has a 1-year low of $26.70 and a 1-year high of $38.01.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.65%. Acadia Realty Trust’s dividend payout ratio is presently 140.54%.
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A number of brokerages have recently issued reports on AKR. KeyCorp cut their price target on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, June 28th. Zacks Investment Research downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BMO Capital Markets restated a “buy” rating and set a $36.00 target price on shares of Acadia Realty Trust in a research note on Wednesday, April 5th. Finally, Citigroup Inc. restated a “neutral” rating and set a $30.00 target price (down from $35.00) on shares of Acadia Realty Trust in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Acadia Realty Trust presently has a consensus rating of “Hold” and an average target price of $34.60.
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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