Acadia Realty Trust (NYSE:AKR) – Investment analysts at Boenning Scattergood reduced their Q1 2018 earnings per share (EPS) estimates for Acadia Realty Trust in a report released on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $0.35 per share for the quarter, down from their previous forecast of $0.37. Boenning Scattergood currently has a “Buy” rating and a $35.00 target price on the stock. Boenning Scattergood also issued estimates for Acadia Realty Trust’s Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.40 EPS.

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

A number of other research firms have also commented on AKR. KeyCorp lowered Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research lowered Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Acadia Realty Trust (NYSE:AKR) opened at $27.23 on Friday. Acadia Realty Trust has a 52 week low of $26.70 and a 52 week high of $34.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market capitalization of $2,298.56, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Acadia Realty Trust by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 13,739,896 shares of the real estate investment trust’s stock valued at $381,969,000 after purchasing an additional 487,984 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Acadia Realty Trust by 1.4% in the 2nd quarter. BlackRock Inc. now owns 12,337,668 shares of the real estate investment trust’s stock valued at $342,987,000 after purchasing an additional 165,976 shares in the last quarter. FMR LLC boosted its holdings in shares of Acadia Realty Trust by 3.3% in the 2nd quarter. FMR LLC now owns 11,066,494 shares of the real estate investment trust’s stock valued at $307,648,000 after purchasing an additional 348,630 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Acadia Realty Trust by 24.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,750,851 shares of the real estate investment trust’s stock valued at $159,874,000 after purchasing an additional 1,118,734 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Acadia Realty Trust by 2.9% in the 2nd quarter. State Street Corp now owns 3,243,651 shares of the real estate investment trust’s stock valued at $90,178,000 after purchasing an additional 90,943 shares in the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s dividend payout ratio (DPR) is 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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