Acadia Realty Trust (AKR) will report its earnings on Monday

Acadia Realty Trust (NYSE:AKR – Get Free Report) will release its earnings data after the market closes on Monday, April 29. Analysts expect Acadia Realty Trust to post earnings of $0.30 per share for the quarter. Individuals interested in registering for the company’s earnings conference call can do so via this link.

Acadia Realty Trust stock rises 1.8%

Shares of NYSE AKR opened at $17.05 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 89.74, a price-to-earnings ratio of 11.49, and a beta of 1.44. The company’s fifty day simple moving average is $16.65 and its 200 day simple moving average is $16.08. Acadia Realty Trust has a 12-month low of $12.37 and a 12-month high of $17.73.

Acadia Realty Trust announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15. On Thursday, March 28, shareholders of record received a dividend of $0.18 per share. The ex-dividend date was Wednesday, March 27. This represents a dividend of $0.72 annually and a dividend yield of 4.22%. Acadia Realty Trust’s dividend payout ratio currently stands at 378.97%.

Institutional investors weigh in on Acadia Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Acadia Realty Trust by 15.4% during the first quarter. Envestnet Asset Management Inc. now owns 13,476 shares of the real estate investment trust worth $292,000, after purchasing an additional 1,803 shares in the last quarter. Natixis Advisors LP grew its stake in Acadia Realty Trust by 37.7% in the first quarter. Natixis Advisors LP now owns 14,668 shares of the real estate investment trust worth $318,000 after purchasing an additional 4,019 shares in the last quarter. MetLife Investment Management LLC increased its position in Acadia Realty Trust by 54.8% in the first quarter. MetLife Investment Management LLC now owns 46,773 shares of the real estate investment trust’s stock valued at $1,014,000 after purchasing an additional 16,554 shares in the last quarter. Rhumbline Advisers increased its stake in Acadia Realty Trust by 0.7% during the first quarter. Rhumbline Advisers now owns 259,180 shares of the real estate investment trust valued at $5,616,000 after acquiring an additional 1,738 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Acadia Realty Trust by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School’s Empls Retrmt SYS now owns 76,256 shares of the real estate investment trust worth $1,652,000 after acquiring an additional 9,402 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s shares.

Changes in analyst ratings

A number of analysts have recently commented on AKR stock. Bank of America upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $20.00 in a research report on Friday, April 5th. Truist Financial downgraded Acadia Realty Trust from a “buy” rating to a “hold” rating and set an $18.00 price objective for the company. in a report on Tuesday, January 16. Finally, Jefferies Financial Group upgraded Acadia Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $15.00 to $20.00 in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Acadia Realty Trust currently has an average rating of “Hold” and a consensus price of $18.50.

Check out our latest report on AKR

Acadia Realty Trust Company Profile

(Get a free report)

Acadia Realty Trust is a real estate investment trust focused on delivering long-term profitable growth through its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust achieves 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 range of discretionary, institutional funds; and maintaining a strong balance sheet.

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