Brokers Set Expectations for Acadia Realty Trust’s Q1 2018 Earnings (AKR)

Acadia Realty Trust (NYSE:AKR) – Research analysts at Boenning Scattergood dropped their Q1 2018 earnings per share estimates for shares of Acadia Realty Trust in a research note issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings of $0.35 per share for the quarter, down from their previous estimate of $0.37. Boenning Scattergood has a “Buy” rating and a $35.00 price target on the stock. Boenning Scattergood also issued estimates for Acadia Realty Trust’s Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.40 EPS.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Acadia Realty Trust had a net margin of 25.34% and a return on equity of 2.77%. The company had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $55.94 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Acadia Realty Trust’s revenue for the quarter was up 17.9% compared to the same quarter last year.

A number of other research firms have also recently commented on AKR. KeyCorp cut shares of Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.50.

Acadia Realty Trust (NYSE:AKR) opened at $27.45 on Friday. Acadia Realty Trust has a 1 year low of $26.70 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $2,300.00, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of Acadia Realty Trust by 7.7% during the second quarter. Russell Investments Group Ltd. now owns 129,661 shares of the real estate investment trust’s stock worth $3,618,000 after purchasing an additional 9,250 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Acadia Realty Trust by 8.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,000 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 1,530 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Acadia Realty Trust by 0.9% during the second quarter. Great West Life Assurance Co. Can now owns 177,105 shares of the real estate investment trust’s stock worth $4,920,000 after purchasing an additional 1,581 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Acadia Realty Trust by 14.8% during the second quarter. Daiwa Securities Group Inc. now owns 7,741 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Acadia Realty Trust by 0.9% during the second quarter. Texas Permanent School Fund now owns 61,862 shares of the real estate investment trust’s stock worth $1,720,000 after purchasing an additional 534 shares in the last quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 3.93%. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. Acadia Realty Trust’s dividend payout ratio is presently 144.44%.

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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.

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

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