Acadia Realty Trust (AKR) to Post FY2018 Earnings of $1.41 Per Share, KeyCorp Forecasts

Acadia Realty Trust (NYSE:AKR) – Investment analysts at KeyCorp decreased their FY2018 earnings estimates for shares of Acadia Realty Trust in a research note issued to investors on Tuesday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $1.41 for the year, down from their previous forecast of $1.53. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Acadia Realty Trust’s FY2019 earnings at $1.50 EPS.

Several other equities analysts have also commented on AKR. Boenning Scattergood reiterated a “buy” rating and issued a $35.00 price target on shares of Acadia Realty Trust in a research note on Monday, November 6th. Zacks Investment Research lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Acadia Realty Trust currently has a consensus rating of “Hold” and an average price target of $33.50.

Shares of Acadia Realty Trust (NYSE:AKR) traded down $0.19 during trading on Thursday, reaching $26.96. 601,031 shares of the company’s stock traded hands, compared to its average volume of 532,770. The stock has a market capitalization of $2,297.73, a price-to-earnings ratio of 17.94, a P/E/G ratio of 2.03 and a beta of 0.61. Acadia Realty Trust has a one year low of $26.70 and a one year high of $33.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.48.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share.

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of Acadia Realty Trust by 7.7% in the second quarter. Russell Investments Group Ltd. now owns 129,661 shares of the real estate investment trust’s stock valued at $3,618,000 after acquiring an additional 9,250 shares during the period. TD Asset Management Inc. boosted its holdings in shares of Acadia Realty Trust by 5.0% in the second quarter. TD Asset Management Inc. now owns 21,200 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 1,000 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Acadia Realty Trust by 10.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 860,239 shares of the real estate investment trust’s stock valued at $23,915,000 after acquiring an additional 82,647 shares during the period. First Trust Advisors LP boosted its holdings in shares of Acadia Realty Trust by 73.8% in the second quarter. First Trust Advisors LP now owns 48,660 shares of the real estate investment trust’s stock valued at $1,353,000 after acquiring an additional 20,656 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Acadia Realty Trust by 2.7% in the second quarter. Rhumbline Advisers now owns 186,438 shares of the real estate investment trust’s stock valued at $5,183,000 after acquiring an additional 4,952 shares during the period.

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 paid a $0.27 dividend. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 146.48%.

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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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