Acadia Realty Trust (AKR) Receives Coverage Optimism Rating of 0.28

Headlines about Acadia Realty Trust (NYSE:AKR) have been trending positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Acadia Realty Trust earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 48.1099902756784 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Acadia Realty Trust (NYSE:AKR) opened at $26.01 on Wednesday. The stock has a market capitalization of $2,241.64, a PE ratio of 36.63, a PEG ratio of 2.06 and a beta of 0.61. Acadia Realty Trust has a 1 year low of $26.00 and a 1 year high of $32.89. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $55.94 million. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. equities research analysts predict that Acadia Realty Trust will post 1.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.27 per share. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, December 28th. Acadia Realty Trust’s dividend payout ratio is currently 152.11%.

AKR has been the subject of several analyst reports. KeyCorp cut Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research note on Monday, November 20th. Boenning Scattergood set a $35.00 price objective on Acadia Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Acadia Realty Trust has an average rating of “Hold” and a consensus target price of $33.50.

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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.

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