Acadia Realty Trust (AKR) Scheduled to Post Quarterly Earnings on Monday
Acadia Realty Trust (NYSE:AKR) will be announcing its earnings results on Monday, April 24th. Acadia Realty Trust has set its FY17 guidance at $1.44 to $1.54 EPS.
Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Acadia Realty Trust had a return on equity of 3.56% and a net margin of 29.38%. The firm had revenue of $54.12 million for the quarter, compared to analyst estimates of $46.46 million. During the same quarter last year, the company posted $0.35 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect Acadia Realty Trust to post $0.38 EPS for the current fiscal year and $0.51 EPS for the next fiscal year.
Acadia Realty Trust (NYSE:AKR) traded down 0.98% during trading on Friday, hitting $31.42. The company had a trading volume of 706,065 shares. Acadia Realty Trust has a 12 month low of $29.23 and a 12 month high of $38.01. The company’s 50 day moving average price is $30.53 and its 200-day moving average price is $32.28. The company has a market cap of $2.66 billion, a PE ratio of 33.43 and a beta of 0.60.
The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, March 29th. Acadia Realty Trust’s dividend payout ratio (DPR) is 122.35%.
In other news, Director Wendy W. Luscombe sold 1,500 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $31.69, for a total value of $47,535.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Napolitano sold 7,500 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $32.17, for a total transaction of $241,275.00. Following the completion of the transaction, the insider now owns 7,618 shares of the company’s stock, valued at $245,071.06. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock valued at $755,535 over the last quarter. Insiders own 2.22% of the company’s stock.
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Several research firms have recently issued reports on AKR. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Acadia Realty Trust in a report on Thursday, January 12th. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Acadia Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $37.25.
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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