Favorable News Coverage Somewhat Unlikely to Impact Acadia Realty Trust (AKR) Share Price

Media coverage about Acadia Realty Trust (NYSE:AKR) has been trending positive on Friday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acadia Realty Trust earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 48.2517430751988 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of research analysts have recently weighed in on AKR shares. Boenning Scattergood set a $35.00 price target on shares of Acadia Realty Trust and gave the company a “buy” rating in a report on Wednesday, December 6th. KeyCorp downgraded shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a report on Monday, November 20th. Finally, Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

Acadia Realty Trust (NYSE AKR) opened at $26.86 on Friday. The firm has a market cap of $2,280.00, a price-to-earnings ratio of 37.31, a PEG ratio of 2.13 and a beta of 0.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.48. Acadia Realty Trust has a twelve month low of $26.70 and a twelve month high of $33.45.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $51.70 million for the quarter, compared to the consensus estimate of $55.94 million. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. Acadia Realty Trust’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. sell-side analysts forecast that Acadia Realty Trust will post 1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 150.00%.

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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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