Acadia Realty Trust (NYSE:AKR) Expected to Announce Quarterly Sales of $68.40 Million

Analysts predict that Acadia Realty Trust (NYSE:AKRGet Rating) will post $68.40 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Acadia Realty Trust’s earnings. The lowest sales estimate is $54.59 million and the highest is $82.20 million. Acadia Realty Trust reported sales of $74.66 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.4%. The business is scheduled to issue its next earnings report 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 expect that the company will report sales of $291.52 million, with estimates ranging from $241.63 million to $341.40 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKRGet Rating) last announced its earnings results on Monday, May 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Acadia Realty Trust had a net margin of 11.45% and a return on equity of 1.48%. During the same quarter in the prior year, the company posted $0.25 EPS.

Several analysts have recently commented on the stock. began coverage on shares of Acadia Realty Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Acadia Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 15th.

Shares of AKR stock opened at $19.69 on Friday. Acadia Realty Trust has a 12-month low of $18.57 and a 12-month high of $23.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $21.15 and its 200 day moving average is $21.26. The stock has a market capitalization of $1.87 billion, a P/E ratio of 51.82, a P/E/G ratio of 2.26 and a beta of 1.32.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.72 annualized dividend and a dividend yield of 3.66%. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 189.48%.

In related news, Director Wendy W. Luscombe sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $21.18, for a total transaction of $31,770.00. Following the completion of the transaction, the director now owns 33,399 shares in the company, valued at approximately $707,390.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.75% of the company’s stock.

A number of institutional investors have recently modified their holdings of AKR. Mitsubishi UFJ Trust & Banking Corp increased its stake in Acadia Realty Trust by 225.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,670 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,157 shares in the last quarter. KBC Group NV acquired a new position in Acadia Realty Trust during the 4th quarter valued at approximately $39,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Acadia Realty Trust during the 3rd quarter valued at approximately $43,000. Selective Wealth Management Inc. acquired a new position in Acadia Realty Trust during the 4th quarter valued at approximately $44,000. Finally, US Asset Management LLC acquired a new position in Acadia Realty Trust during the 1st quarter valued at approximately $55,000. Institutional investors and hedge funds own 98.23% of the company’s stock.

About Acadia Realty Trust (Get Rating)

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – 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.

See Also

Get a free copy of the Zacks research report on Acadia Realty Trust (AKR)

For more information about research offerings from Zacks Investment Research, visit

Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with's FREE daily email newsletter.