Positive News Coverage Somewhat Unlikely to Affect Acadia Realty Trust (AKR) Stock Price

Media headlines about Acadia Realty Trust (NYSE:AKR) have been trending positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acadia Realty Trust earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.1652347201845 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently commented on AKR. Zacks Investment Research upgraded Acadia Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 28th. Boenning Scattergood set a $35.00 price objective on Acadia Realty Trust and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. KeyCorp reduced their price objective on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $30.00 price objective (down previously from $35.00) on shares of Acadia Realty Trust in a research report on Tuesday, June 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.60.

Acadia Realty Trust (NYSE AKR) traded down 2.14% during midday trading on Friday, reaching $28.84. The company’s stock had a trading volume of 367,546 shares. The company has a 50 day moving average price of $28.70 and a 200 day moving average price of $29.62. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 44.64 and a beta of 0.59. Acadia Realty Trust has a 1-year low of $26.70 and a 1-year high of $37.54.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. Acadia Realty Trust had a return on equity of 2.50% and a net margin of 23.63%. The company had revenue of $59.50 million for the quarter, compared to analyst estimates of $53.72 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities research analysts expect that Acadia Realty Trust will post $0.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, September 28th. Acadia Realty Trust’s dividend payout ratio is presently 162.50%.

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Acadia Realty Trust Company Profile

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.

Insider Buying and Selling by Quarter for Acadia Realty Trust (NYSE:AKR)

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