Acadia Realty Trust (NYSE:AKR) – Stock analysts at Jefferies Financial Group decreased their Q2 2021 earnings per share (EPS) estimates for shares of Acadia Realty Trust in a report released on Tuesday, May 18th. Jefferies Financial Group analyst L. Tsai now anticipates that the real estate investment trust will post earnings of $0.25 per share for the quarter, down from their previous estimate of $0.29. Jefferies Financial Group also issued estimates for Acadia Realty Trust’s Q3 2021 earnings at $0.28 EPS, Q4 2021 earnings at $0.30 EPS, Q1 2022 earnings at $0.29 EPS, Q2 2022 earnings at $0.32 EPS and Q1 2023 earnings at $0.33 EPS.
AKR has been the topic of a number of other reports. Truist boosted their target price on Acadia Realty Trust from $15.00 to $20.00 in a report on Friday, March 5th. Zacks Investment Research raised Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 24th. Finally, TheStreet raised Acadia Realty Trust from a “d” rating to a “c-” rating in a report on Friday, April 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Acadia Realty Trust currently has an average rating of “Hold” and a consensus target price of $15.63.
NYSE AKR opened at $20.96 on Friday. Acadia Realty Trust has a 52 week low of $9.10 and a 52 week high of $22.29. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 4.10 and a beta of 1.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50 day moving average price is $20.65 and its two-hundred day moving average price is $17.14.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.18. Acadia Realty Trust had a return on equity of 0.22% and a net margin of 1.80%.
Hedge funds have recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in Acadia Realty Trust by 53.0% during the 1st quarter. First Trust Advisors LP now owns 75,406 shares of the real estate investment trust’s stock valued at $2,056,000 after purchasing an additional 26,111 shares during the last quarter. Pendal Group Limited grew its position in shares of Acadia Realty Trust by 10.9% during the fourth quarter. Pendal Group Limited now owns 83,657 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 8,200 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Acadia Realty Trust by 9.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 63,404 shares of the real estate investment trust’s stock valued at $900,000 after purchasing an additional 5,630 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Acadia Realty Trust by 81.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 491,196 shares of the real estate investment trust’s stock valued at $6,970,000 after purchasing an additional 220,946 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Acadia Realty Trust in the fourth quarter worth about $166,000. Hedge funds and other institutional investors own 95.09% of the company’s stock.
In other Acadia Realty Trust news, Director Wendy W. Luscombe sold 1,523 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $19.90, for a total transaction of $30,307.70. Following the completion of the transaction, the director now owns 35,494 shares of the company’s stock, valued at approximately $706,330.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Napolitano sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $20.60, for a total value of $103,000.00. Following the transaction, the vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $61,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,523 shares of company stock valued at $154,218. 2.68% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, June 29th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 58.82%.
Acadia Realty Trust Company Profile
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Â- Core Portfolio and Fund Â- 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 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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