Acadia Realty Trust (NYSE:AKR) Declares Quarterly Dividend of $0.20

Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.20 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Acadia Realty Trust has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Acadia Realty Trust has a dividend payout ratio of 222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Acadia Realty Trust to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 55.6%.

Acadia Realty Trust Stock Up 0.5%

Shares of NYSE:AKR traded up $0.09 during trading on Friday, reaching $20.04. 456,114 shares of the stock were exchanged, compared to its average volume of 1,320,528. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29. The stock has a fifty day moving average of $19.79 and a two-hundred day moving average of $19.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 167.35, a price-to-earnings-growth ratio of 2.78 and a beta of 1.44.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Acadia Realty Trust had a net margin of 4.21% and a return on equity of 0.63%. The business had revenue of $98.71 million during the quarter, compared to analyst estimates of $92.78 million. During the same quarter in the previous year, the business posted $0.32 EPS. Acadia Realty Trust’s quarterly revenue was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AKR shares. LADENBURG THALM/SH SH started coverage on shares of Acadia Realty Trust in a research report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 target price for the company. Citigroup raised Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $23.00 in a research note on Friday, September 12th. Zacks Research lowered Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Wall Street Zen upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.33.

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.