Acadia Realty Trust (NYSE:AKR)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Wednesday, June 21st. They currently have a $36.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 26.72% from the stock’s previous close.

Several other brokerages have also recently issued reports on AKR. Zacks Investment Research raised shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, March 31st. TheStreet cut shares of Acadia Realty Trust from a “b-” rating to a “c” rating in a research report on Monday, April 24th. BidaskClub raised shares of Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $30.00 price objective (down from $35.00) on shares of Acadia Realty Trust in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.60.

Shares of Acadia Realty Trust (NYSE AKR) traded up 1.46% during trading on Wednesday, hitting $28.41. 410,083 shares of the stock traded hands. Acadia Realty Trust has a 12 month low of $26.70 and a 12 month high of $38.01. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 38.76 and a beta of 0.58. The company has a 50 day moving average price of $27.68 and a 200 day moving average price of $30.36.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Acadia Realty Trust had a net margin of 27.19% and a return on equity of 2.92%. The firm had revenue of $62 million for the quarter, compared to analysts’ expectations of $45.41 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts anticipate that Acadia Realty Trust will post $0.40 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.66%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 140.54%.

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Several hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its stake in Acadia Realty Trust by 31.9% in the fourth quarter. William Blair Investment Management LLC now owns 674,911 shares of the real estate investment trust’s stock worth $22,056,000 after buying an additional 163,421 shares during the last quarter. Comerica Bank raised its stake in Acadia Realty Trust by 7.2% in the fourth quarter. Comerica Bank now owns 86,303 shares of the real estate investment trust’s stock worth $2,764,000 after buying an additional 5,827 shares during the last quarter. Macquarie Group Ltd. raised its stake in Acadia Realty Trust by 817.9% in the fourth quarter. Macquarie Group Ltd. now owns 25,700 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 22,900 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Acadia Realty Trust by 24.8% in the first quarter. State of Tennessee Treasury Department now owns 79,714 shares of the real estate investment trust’s stock worth $2,396,000 after buying an additional 15,830 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Acadia Realty Trust by 10.3% in the first quarter. Bank of America Corp DE now owns 598,036 shares of the real estate investment trust’s stock worth $17,978,000 after buying an additional 56,015 shares during the last quarter.

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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