News headlines about Acadia Realty Trust (NYSE:AKR) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Acadia Realty Trust earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.69165591369 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities research analysts have recently commented on the stock. Boenning Scattergood reiterated a “buy” rating on shares of Acadia Realty Trust in a research report on Friday, February 23rd. Citigroup reduced their target price on shares of Acadia Realty Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Zacks Investment Research cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, KeyCorp cut shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.75.
Shares of Acadia Realty Trust (AKR) opened at $24.99 on Friday. The company has a market cap of $2,104.26, a PE ratio of 34.71, a PEG ratio of 2.02 and a beta of 0.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.40 and a quick ratio of 0.40. Acadia Realty Trust has a 12-month low of $21.34 and a 12-month high of $32.02.
Acadia Realty Trust announced that its board has initiated a stock buyback program on Wednesday, February 21st that permits the company to buyback $200.00 million in shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, March 28th. Acadia Realty Trust’s payout ratio is currently 150.00%.
In related news, insider Joseph Napolitano sold 14,626 shares of the firm’s stock in a transaction dated 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 directly owns 14,744 shares in the company, valued at $372,433.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.74% of the stock is currently owned by company insiders.
About Acadia Realty Trust
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.
Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.