Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Thursday, November 15th, RTT News reports. Stockholders of record on Monday, December 31st will be given a dividend of 0.28 per share by the real estate investment trust on Tuesday, January 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.27.

Acadia Realty Trust has increased its dividend payment by an average of 4.2% annually over the last three years and has increased its dividend every year for the last 5 years. Acadia Realty Trust has a payout ratio of 78.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Acadia Realty Trust to earn $1.46 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 74.0%.

Shares of Acadia Realty Trust stock traded down $0.21 during trading hours on Thursday, reaching $28.23. 607,100 shares of the company’s stock were exchanged, compared to its average volume of 607,630. Acadia Realty Trust has a fifty-two week low of $21.34 and a fifty-two week high of $29.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.35 and a beta of 0.26.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. Acadia Realty Trust had a net margin of 17.43% and a return on equity of 2.09%. The company had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.66 million. During the same period in the prior year, the business posted $0.37 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that Acadia Realty Trust will post 1.38 earnings per share for the current year.

In other Acadia Realty Trust news, insider Richard Hartmann sold 2,203 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $28.51, for a total transaction of $62,807.53. Following the completion of the sale, the insider now directly owns 444 shares in the company, valued at $12,658.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wendy W. Luscombe sold 2,204 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $28.12, for a total transaction of $61,976.48. Following the sale, the director now owns 40,198 shares of the company’s stock, valued at $1,130,367.76. The disclosure for this sale can be found here. Insiders have sold 14,382 shares of company stock valued at $406,839 over the last 90 days. Company insiders own 2.15% of the company’s stock.

Several equities research analysts recently issued reports on AKR shares. Bank of America raised their target price on shares of Acadia Realty Trust from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Citigroup raised their target price on shares of Acadia Realty Trust from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, August 15th. Finally, ValuEngine upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Acadia Realty Trust has a consensus rating of “Hold” and an average target price of $31.33.

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About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

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Dividend History for Acadia Realty Trust (NYSE:AKR)

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