$0.36 EPS Expected for Acadia Realty Trust (AKR) This Quarter

Wall Street analysts expect Acadia Realty Trust (NYSE:AKR) to announce earnings per share (EPS) of $0.36 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Acadia Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.38. Acadia Realty Trust reported earnings per share of $0.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 350%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.

According to Zacks, analysts expect that Acadia Realty Trust will report full-year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.50. For the next fiscal year, analysts forecast that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.51 to $1.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.29. The firm had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a return on equity of 2.50% and a net margin of 23.63%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share.

A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $36.00 price objective on shares of Acadia Realty Trust in a research report on Wednesday, June 21st. BidaskClub raised Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. KeyCorp reduced their price objective on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, June 28th. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Boenning Scattergood set a $35.00 price objective on Acadia Realty Trust and gave the company a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.50.

Acadia Realty Trust (NYSE:AKR) traded up 0.61% during trading on Friday, reaching $29.78. The company had a trading volume of 39,083 shares. The stock has a market cap of $2.49 billion, a PE ratio of 46.10 and a beta of 0.60. The company has a 50-day moving average price of $29.08 and a 200 day moving average price of $28.92. Acadia Realty Trust has a 52-week low of $26.70 and a 52-week high of $35.46.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 3.51%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 162.50%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AKR. Wells Fargo & Company MN raised its holdings in Acadia Realty Trust by 1.6% during the first quarter. Wells Fargo & Company MN now owns 131,585 shares of the real estate investment trust’s stock valued at $3,955,000 after buying an additional 2,039 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Acadia Realty Trust by 23.2% during the first quarter. UBS Asset Management Americas Inc. now owns 158,601 shares of the real estate investment trust’s stock valued at $4,768,000 after buying an additional 29,838 shares in the last quarter. Karp Capital Management Corp bought a new position in Acadia Realty Trust during the first quarter valued at about $686,000. TD Asset Management Inc. raised its holdings in Acadia Realty Trust by 22.4% during the first quarter. TD Asset Management Inc. now owns 20,200 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 3,700 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Acadia Realty Trust by 11.8% during the first quarter. Ameriprise Financial Inc. now owns 451,948 shares of the real estate investment trust’s stock valued at $13,588,000 after buying an additional 47,691 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/09/0-36-eps-expected-for-acadia-realty-trust-akr-this-quarter.html.

About Acadia Realty Trust

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.

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

According to Zacks, analysts expect that Acadia Realty Trust will report full-year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.50. For the next fiscal year, analysts forecast that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.51 to $1.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Acadia Realty Trust.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.29. The firm had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a return on equity of 2.50% and a net margin of 23.63%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share.

A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $36.00 price objective on shares of Acadia Realty Trust in a research report on Wednesday, June 21st. BidaskClub raised Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. KeyCorp reduced their price objective on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, June 28th. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Boenning Scattergood set a $35.00 price objective on Acadia Realty Trust and gave the company a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.50.

Acadia Realty Trust (NYSE:AKR) traded up 0.61% during trading on Friday, reaching $29.78. The company had a trading volume of 39,083 shares. The stock has a market cap of $2.49 billion, a PE ratio of 46.10 and a beta of 0.60. The company has a 50-day moving average price of $29.08 and a 200 day moving average price of $28.92. Acadia Realty Trust has a 52-week low of $26.70 and a 52-week high of $35.46.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 3.51%. Acadia Realty Trust’s dividend payout ratio (DPR) is currently 162.50%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AKR. Wells Fargo & Company MN raised its holdings in Acadia Realty Trust by 1.6% during the first quarter. Wells Fargo & Company MN now owns 131,585 shares of the real estate investment trust’s stock valued at $3,955,000 after buying an additional 2,039 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Acadia Realty Trust by 23.2% during the first quarter. UBS Asset Management Americas Inc. now owns 158,601 shares of the real estate investment trust’s stock valued at $4,768,000 after buying an additional 29,838 shares in the last quarter. Karp Capital Management Corp bought a new position in Acadia Realty Trust during the first quarter valued at about $686,000. TD Asset Management Inc. raised its holdings in Acadia Realty Trust by 22.4% during the first quarter. TD Asset Management Inc. now owns 20,200 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 3,700 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Acadia Realty Trust by 11.8% during the first quarter. Ameriprise Financial Inc. now owns 451,948 shares of the real estate investment trust’s stock valued at $13,588,000 after buying an additional 47,691 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/09/0-36-eps-expected-for-acadia-realty-trust-akr-this-quarter.html.

About Acadia Realty Trust

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.

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

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

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