Media stories about Acadia Realty Trust (NYSE:AKR) have been trending positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acadia Realty Trust earned a coverage optimism score of 0.32 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.1660614891055 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Acadia Realty Trust (NYSE:AKR) opened at 28.54 on Friday. The stock has a market cap of $2.39 billion, a PE ratio of 44.18 and a beta of 0.59. The company’s 50 day moving average is $28.85 and its 200-day moving average is $29.52. Acadia Realty Trust has a 52-week low of $26.70 and a 52-week high of $37.54.
Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.29. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The company had revenue of $59.50 million during the quarter, compared to the consensus estimate of $53.72 million. During the same period in the previous year, the firm earned $0.37 earnings per share. Acadia Realty Trust’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities analysts anticipate that Acadia Realty Trust will post $0.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 annualized dividend and a dividend yield of 3.64%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 162.50%.
A number of brokerages have weighed in on AKR. Zacks Investment Research upgraded shares of 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 shares of Acadia Realty Trust and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. KeyCorp reduced their price target on shares of Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, June 28th. Finally, BMO Capital Markets restated a “buy” rating and set a $36.00 price target on shares of Acadia Realty Trust in a research report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.60.
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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.
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