Acadia Realty Trust (AKR) Getting Favorable Press Coverage, Analysis Shows

News headlines about Acadia Realty Trust (NYSE:AKR) have trended positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acadia Realty Trust earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 48.1099902756784 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Acadia Realty Trust (NYSE:AKR) opened at $26.01 on Wednesday. The stock has a market capitalization of $2,241.64, a PE ratio of 36.63, a P/E/G ratio of 2.06 and a beta of 0.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.48. Acadia Realty Trust has a 1 year low of $26.00 and a 1 year high of $32.89.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $55.94 million. Acadia Realty Trust had a return on equity of 2.77% and a net margin of 25.34%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. research analysts anticipate that Acadia Realty Trust will post 1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors 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 is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.15%. Acadia Realty Trust’s dividend payout ratio is 152.11%.

A number of brokerages recently issued reports on AKR. Zacks Investment Research cut Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Boenning Scattergood set a $35.00 target price on Acadia Realty Trust and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, KeyCorp cut Acadia Realty Trust from an “overweight” rating to a “hold” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Acadia Realty Trust has an average rating of “Hold” and an average target price of $33.50.

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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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