Media stories about Acadia Realty Trust (NYSE:AKR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news 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 news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 69 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- KeyCorp Analysts Reduce Earnings Estimates for Acadia Realty Trust (NYSE:AKR) (joshnaijablog.com)
- Brokers Add To Their Ratings On Acadia Realty Trust (NYSE:AKR) (ekosvoice.com)
- Acadia Realty Trust (AKR) Gives Forward Looking Guidance For Fiscal Year 17 (fishinghd.com)
- See what the IHS Markit Score report has to say about Acadia Realty Trust. (finance.yahoo.com)
- Acadia Realty Trust (AKR) Announces $0.26 Quarterly Dividend (americanbankingnews.com)
Acadia Realty Trust (NYSE:AKR) traded down 2.04% during midday trading on Friday, hitting $28.87. 226,674 shares of the company traded hands. The stock’s 50-day moving average price is $28.65 and its 200 day moving average price is $29.64. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 44.69 and a beta of 0.59. Acadia Realty Trust has a 12-month low of $26.70 and a 12-month high of $37.54.
Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business had revenue of $59.50 million during the quarter, compared to the consensus estimate of $53.72 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts forecast that Acadia Realty Trust will post $0.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 annualized dividend and a dividend yield of 3.53%. Acadia Realty Trust’s payout ratio is 162.50%.
A number of equities research analysts recently issued reports on AKR shares. TheStreet cut shares of Acadia Realty Trust from a “b-” rating to a “c” rating in a report on Monday, April 24th. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Citigroup Inc. restated a “neutral” rating and set a $30.00 price target (down from $35.00) on shares of Acadia Realty Trust in a report on Tuesday, June 6th. BidaskClub upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $36.00 target price on shares of Acadia Realty Trust in a research note on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Acadia Realty Trust has an average rating of “Buy” and a consensus target price of $34.60.
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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.
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