Acadia Realty Trust (NYSE:AKR) – Investment analysts at KeyCorp issued their FY2020 earnings per share (EPS) estimates for shares of Acadia Realty Trust in a research note issued on Thursday, April 11th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will earn $1.47 per share for the year.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.27). Acadia Realty Trust had a return on equity of 1.48% and a net margin of 11.95%. The business had revenue of $69.45 million for the quarter, compared to analyst estimates of $53.28 million. During the same quarter last year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.
Shares of AKR opened at $27.96 on Monday. Acadia Realty Trust has a 12 month low of $22.27 and a 12 month high of $29.82. The firm has a market cap of $2.31 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 3.36 and a beta of 0.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, March 28th. Acadia Realty Trust’s dividend payout ratio is currently 82.96%.
In other Acadia Realty Trust news, VP Jason Blacksberg sold 2,096 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $29.50, for a total value of $61,832.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Conlon sold 10,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.06, for a total transaction of $280,600.00. Following the completion of the sale, the insider now directly owns 15,000 shares of the company’s stock, valued at $420,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,096 shares of company stock valued at $481,982. 2.47% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Bank of Montreal Can boosted its holdings in Acadia Realty Trust by 68.4% in the 4th quarter. Bank of Montreal Can now owns 2,443 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 992 shares during the period. Advisor Group Inc. boosted its holdings in Acadia Realty Trust by 221.1% in the 4th quarter. Advisor Group Inc. now owns 7,379 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 5,081 shares during the period. GSA Capital Partners LLP bought a new stake in Acadia Realty Trust in the 4th quarter valued at $208,000. Raymond James & Associates bought a new stake in Acadia Realty Trust in the 4th quarter valued at $217,000. Finally, Riverhead Capital Management LLC boosted its holdings in Acadia Realty Trust by 31.2% in the 3rd quarter. Riverhead Capital Management LLC now owns 9,674 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 2,300 shares during the period.
Acadia Realty Trust Company Profile
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core 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 urban and street-retail 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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