Acadia Realty Trust (NYSE:AKR) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

A number of brokerages have commented on AKR. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup decreased their price target on shares of Acadia Realty Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Boenning Scattergood restated a “buy” rating on shares of Acadia Realty Trust in a research note on Friday, February 23rd. Finally, KeyCorp lowered shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th.

Acadia Realty Trust (AKR) traded down $0.10 during trading hours on Friday, hitting $24.70. 181,416 shares of the stock traded hands, compared to its average volume of 787,035. The company has a market cap of $2,092.54, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.03 and a beta of 0.46. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.41. Acadia Realty Trust has a 12 month low of $21.34 and a 12 month high of $32.02.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $66.08 million during the quarter, compared to the consensus estimate of $50.00 million. Acadia Realty Trust had a net margin of 24.56% and a return on equity of 2.81%. equities research analysts anticipate that Acadia Realty Trust will post 1.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.08 dividend on an annualized basis and a yield of 4.37%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 150.00%.

Acadia Realty Trust announced that its Board of Directors has approved a share buyback plan on Wednesday, February 21st that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other Acadia Realty Trust news, insider Joseph Napolitano sold 14,626 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $25.26, for a total transaction of $369,452.76. Following the completion of the sale, the insider now owns 14,744 shares in the company, valued at approximately $372,433.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.74% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Acadia Realty Trust by 72.2% during the 2nd quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 2,775 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in Acadia Realty Trust during the 4th quarter worth $236,000. Xact Kapitalforvaltning AB purchased a new position in Acadia Realty Trust during the 4th quarter worth $247,000. CIBC Asset Management Inc purchased a new position in Acadia Realty Trust during the 4th quarter worth $277,000. Finally, Two Sigma Advisers LP purchased a new position in Acadia Realty Trust during the 4th quarter worth $331,000.

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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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