Acadia Realty Trust (AKR) to Release Quarterly Earnings on Tuesday

Acadia Realty Trust (NYSE:AKR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.27). The company had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $69.75 million. Acadia Realty Trust had a return on equity of 0.39% and a net margin of 2.38%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, analysts expect Acadia Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Acadia Realty Trust Stock Up 2.8 %

AKR opened at $20.44 on Monday. The company has a market cap of $2.11 billion, a P/E ratio of 255.50, a P/E/G ratio of 5.38 and a beta of 1.46. The business’s 50-day moving average price is $17.97 and its 200-day moving average price is $17.27. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.77. Acadia Realty Trust has a 12 month low of $13.24 and a 12 month high of $20.48.

Acadia Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.18 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.72 annualized dividend and a dividend yield of 3.52%. Acadia Realty Trust’s dividend payout ratio is currently 900.00%.

Insider Activity at Acadia Realty Trust

In other Acadia Realty Trust news, VP Richard Hartmann sold 25,000 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $17.10, for a total transaction of $427,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Acadia Realty Trust news, CFO John J. Gottfried sold 12,500 shares of Acadia Realty Trust stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $16.89, for a total transaction of $211,125.00. Following the sale, the chief financial officer now directly owns 7,600 shares of the company’s stock, valued at approximately $128,364. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Richard Hartmann sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $17.10, for a total value of $427,500.00. The disclosure for this sale can be found here. 2.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on AKR. JPMorgan Chase & Co. upgraded Acadia Realty Trust from an “underweight” rating to a “neutral” rating and set a $18.00 price target on the stock in a report on Wednesday, June 26th. Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $20.00 in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Acadia Realty Trust has a consensus rating of “Hold” and a consensus price target of $18.40.

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 Core Portfolio 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 corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.