Zacks: Analysts Expect Acadia Realty Trust (NYSE:AKR) to Post $0.30 EPS

Equities research analysts expect Acadia Realty Trust (NYSE:AKR – Get Rating) to report $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Acadia Realty Trust’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.28. Acadia Realty Trust also reported earnings per share of $0.30 during the same quarter last year. The firm 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 earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.26. For the next financial year, analysts forecast that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.28 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $0.25 earnings per share.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Acadia Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, April 15th. StockNews.com assumed coverage on Acadia Realty Trust in a report on Thursday, March 31st. They set a “hold” rating for the company.

In other Acadia Realty Trust news, Director Wendy W. Luscombe sold 1,500 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was 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 approximately $707,390.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.75% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC bought a new stake in shares of Acadia Realty Trust in the 4th quarter valued at about $1,749,000. State of New Jersey Common Pension Fund D grew its position in shares of Acadia Realty Trust by 3.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 280,250 shares of the real estate investment trust’s stock valued at $6,118,000 after buying an additional 10,000 shares during the last quarter. Vestcor Inc bought a new stake in shares of Acadia Realty Trust in the 3rd quarter valued at about $674,000. Carlson Capital L P bought a new stake in shares of Acadia Realty Trust in the 3rd quarter valued at about $4,519,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Acadia Realty Trust by 9.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 48,500 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 98.23% of the company’s stock.

Acadia Realty Trust stock opened at $19.69 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.21 and a current ratio of 1.21. Acadia Realty Trust has a 52 week low of $18.57 and a 52 week high of $23.33. The stock has a market capitalization of $1.87 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 2.37 and a beta of 1.32. The stock has a fifty day moving average of $21.15 and a 200-day moving average of $21.25.

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

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 – 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.

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