Equities research analysts expect Acadia Realty Trust (NYSE:AKR – Get Rating) to report $66.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Acadia Realty Trust’s earnings. The highest sales estimate is $79.20 million and the lowest is $54.01 million. Acadia Realty Trust reported sales of $69.39 million in the same quarter last year, which would suggest a negative year over year growth rate of 4%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Acadia Realty Trust will report full year sales of $273.50 million for the current fiscal year, with estimates ranging from $223.09 million to $323.90 million. For the next fiscal year, analysts anticipate that the company will report sales of $291.52 million, with estimates ranging from $241.63 million to $341.40 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Acadia Realty Trust.
Acadia Realty Trust (NYSE:AKR – Get Rating) last issued its quarterly earnings results on Monday, February 14th. The real estate investment trust reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Acadia Realty Trust had a net margin of 7.99% and a return on equity of 1.12%. During the same quarter in the prior year, the business posted $0.24 EPS.
Shares of AKR stock opened at $21.03 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.97 billion, a P/E ratio of 80.89, a P/E/G ratio of 2.21 and a beta of 1.40. The company’s 50-day simple moving average is $21.43 and its two-hundred day simple moving average is $21.46. Acadia Realty Trust has a one year low of $18.60 and a one year high of $23.33.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.18 per share. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.42%. Acadia Realty Trust’s dividend payout ratio is presently 276.93%.
In other Acadia Realty Trust news, Director Wendy W. Luscombe sold 1,500 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $21.18, for a total value of $31,770.00. Following the completion of the transaction, the director now owns 33,399 shares of the company’s stock, valued at $707,390.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.75% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of Acadia Realty Trust in the first quarter worth $590,000. Inspire Investing LLC acquired a new stake in shares of Acadia Realty Trust in the first quarter valued at about $235,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Acadia Realty Trust by 8.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,230 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 2,167 shares during the period. US Asset Management LLC acquired a new stake in shares of Acadia Realty Trust in the first quarter valued at about $55,000. Finally, Norges Bank purchased a new position in shares of Acadia Realty Trust in the fourth quarter worth about $18,662,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.
Acadia Realty Trust Company Profile (Get Rating)
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Â- Core Portfolio and Fund Â- 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.
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