Press coverage about Acadia Realty Trust (NYSE:AKR) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acadia Realty Trust earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 37 out of 100, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- The Acadia Realty Trust (NYSE:AKR) Raised to “Hold” at BidaskClub (badhub.net)
- Dividend Diamond in Focus Acadia Realty Trust (NYSE:AKR) (wpsuperfanboy.com)
- Acadia Realty Trust (AKR) Shares Sold by Meadow Creek Investment Management LLC (hypelee.com)
- Acadia Realty Trust Plans Quarterly Dividend of $0.26 (NYSE:AKR) (trikkles.com)
- Acadia Realty Trust (AKR) PT Lowered to $33.00 at KeyCorp (bulhufas.com)
A number of research firms have recently commented on AKR. BidaskClub upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. KeyCorp cut their price objective on shares of 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. BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Acadia Realty Trust in a research report on Wednesday, June 21st. Citigroup Inc. restated a “neutral” rating and issued a $30.00 price objective (down from $35.00) on shares of Acadia Realty Trust in a research report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of Acadia Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Acadia Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $34.50.
Shares of Acadia Realty Trust (NYSE:AKR) opened at 27.81 on Monday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 37.94 and a beta of 0.58. The company has a 50-day moving average of $27.68 and a 200-day moving average of $30.36. Acadia Realty Trust has a 52 week low of $26.70 and a 52 week high of $38.01.
Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $62 million during the quarter, compared to the consensus estimate of $45.41 million. Acadia Realty Trust had a return on equity of 2.92% and a net margin of 27.19%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, analysts anticipate that Acadia Realty Trust will post $0.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.04 annualized dividend and a yield of 3.74%. Acadia Realty Trust’s payout ratio is 140.54%.
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Acadia Realty Trust Company Profile
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.
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