Acadia Realty Trust to Post Q2 2022 Earnings of $0.29 Per Share, Jefferies Financial Group Forecasts (NYSE:AKR)

Acadia Realty Trust (NYSE:AKR) – Stock analysts at Jefferies Financial Group lowered their Q2 2022 EPS estimates for shares of Acadia Realty Trust in a report issued on Wednesday, November 24th. Jefferies Financial Group analyst L. Tsai now forecasts that the real estate investment trust will earn $0.29 per share for the quarter, down from their previous estimate of $0.33.

Separately, Zacks Investment Research lowered shares of Acadia Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Acadia Realty Trust currently has an average rating of “Buy” and a consensus target price of $21.00.

Acadia Realty Trust stock opened at $22.44 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.96 and a current ratio of 0.96. Acadia Realty Trust has a 52-week low of $13.48 and a 52-week high of $23.33. The firm has a 50 day moving average price of $21.86 and a two-hundred day moving average price of $21.56. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 204.02, a PEG ratio of 2.84 and a beta of 1.42.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Stockholders of record on Friday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, December 30th. Acadia Realty Trust’s dividend payout ratio (DPR) is 545.50%.

In other Acadia Realty Trust news, Director Lorrence T. Kellar sold 2,500 shares of Acadia Realty Trust stock in a transaction on Monday, September 13th. The shares were sold at an average price of $20.72, for a total transaction of $51,800.00. Following the transaction, the director now directly owns 47,861 shares of the company’s stock, valued at approximately $991,679.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason Blacksberg sold 1,500 shares of Acadia Realty Trust stock in a transaction on Friday, November 5th. The stock was sold at an average price of $23.20, for a total transaction of $34,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,000 shares of company stock valued at $223,460. Insiders own 2.68% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AKR. Eaton Vance Management bought a new stake in shares of Acadia Realty Trust during the 1st quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Acadia Realty Trust during the 3rd quarter worth $43,000. US Asset Management LLC bought a new stake in shares of Acadia Realty Trust during the 3rd quarter worth $52,000. USA Financial Portformulas Corp bought a new stake in shares of Acadia Realty Trust during the 3rd quarter worth $60,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Acadia Realty Trust by 35.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,918 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 1,028 shares during the period. 99.98% of the stock is currently owned by hedge funds and other institutional investors.

About Acadia Realty Trust

Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate.

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Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

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