Media coverage about Acadia Realty Trust (NYSE:AKR) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acadia Realty Trust earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 47.3878060577564 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Acadia Realty Trust (NYSE AKR) opened at 28.88 on Friday. Acadia Realty Trust has a 12 month low of $26.70 and a 12 month high of $37.54. The company has a 50-day moving average of $28.83 and a 200-day moving average of $29.54. The stock has a market capitalization of $2.42 billion, a PE ratio of 44.71 and a beta of 0.59.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.29. The company had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities research analysts expect that Acadia Realty Trust will post $0.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio is currently 162.50%.
A number of brokerages recently commented on AKR. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 28th. Boenning Scattergood set a $35.00 target price on shares of Acadia Realty Trust and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. KeyCorp lowered their target price on shares of Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, June 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $30.00 target price (down previously from $35.00) on shares of Acadia Realty Trust in a research note on Tuesday, June 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.60.
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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.
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