Shares of Acadia Realty Trust (NYSE:AKR) have earned a consensus recommendation of “Buy” from the six analysts that are covering the firm. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.63.

A number of equities analysts have commented on AKR shares. Zacks Investment Research cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. BTIG Research started coverage on shares of Acadia Realty Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Citigroup Inc. lifted their price objective on shares of Acadia Realty Trust from $40.50 to $41.50 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $40.00 price objective on shares of Acadia Realty Trust in a research note on Wednesday, July 27th.

Several large investors have recently added to or reduced their stakes in AKR. State Street Corp raised its stake in shares of Acadia Realty Trust by 4.1% in the first quarter. State Street Corp now owns 2,296,308 shares of the real estate investment trust’s stock worth $80,675,000 after buying an additional 89,859 shares during the last quarter. Shinko Asset Management Co. Ltd. raised its stake in shares of Acadia Realty Trust by 17.9% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,101,776 shares of the real estate investment trust’s stock worth $39,135,000 after buying an additional 167,617 shares during the last quarter. Cornerstone Real Estate Advisers LLC raised its stake in shares of Acadia Realty Trust by 48.4% in the second quarter. Cornerstone Real Estate Advisers LLC now owns 233,214 shares of the real estate investment trust’s stock worth $8,284,000 after buying an additional 76,081 shares during the last quarter. Resolution Capital Ltd raised its stake in shares of Acadia Realty Trust by 5.3% in the second quarter. Resolution Capital Ltd now owns 1,264,233 shares of the real estate investment trust’s stock worth $44,906,000 after buying an additional 63,793 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Acadia Realty Trust by 411.5% in the second quarter. Jennison Associates LLC now owns 42,088 shares of the real estate investment trust’s stock worth $1,495,000 after buying an additional 33,860 shares during the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Acadia Realty Trust (NYSE:AKR) opened at 33.34 on Friday. The stock has a market cap of $2.70 billion, a PE ratio of 39.83 and a beta of 0.65. Acadia Realty Trust has a 12 month low of $30.25 and a 12 month high of $38.01. The company’s 50 day moving average is $34.42 and its 200 day moving average is $35.23.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Acadia Realty Trust had a net margin of 29.38% and a return on equity of 3.56%. The business earned $51.10 million during the quarter, compared to analysts’ expectations of $41.70 million. During the same period last year, the company posted $0.39 EPS. The business’s revenue was down 13.1% on a year-over-year basis. On average, analysts anticipate that Acadia Realty Trust will post $1.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, December 28th. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.25. Acadia Realty Trust’s dividend payout ratio (DPR) is 117.65%.

About Acadia Realty Trust

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States. The Company’s segments include Core Portfolio, Funds and Structured Financing. The Company conducts its operations through Acadia Realty Limited Partnership.

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