Acadia Realty Trust (AKR) To Go Ex-Dividend on December 31st

Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.20 per share by the real estate investment trust on Friday, January 15th. This represents a $0.80 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, December 31st.

Acadia Realty Trust has raised its dividend by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 2 years. Acadia Realty Trust has a payout ratio of 222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Acadia Realty Trust to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 61.1%.

Acadia Realty Trust Stock Down 0.8%

NYSE:AKR opened at $19.71 on Friday. The stock’s fifty day moving average price is $19.20 and its two-hundred day moving average price is $20.59. Acadia Realty Trust has a 52-week low of $17.96 and a 52-week high of $23.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.13 and a current ratio of 1.23. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 70.39, a P/E/G ratio of 2.17 and a beta of 1.11.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Monday, November 2nd. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.34). The firm had revenue of $94.98 million during the quarter, compared to analyst estimates of $94.38 million. Acadia Realty Trust had a net margin of 10.23% and a return on equity of 1.54%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share. On average, analysts anticipate that Acadia Realty Trust will post 1.25 EPS for the current year.

About Acadia Realty Trust

Acadia Realty Trust (NYSE: AKR) is a real estate investment trust that owns, operates, acquires, and develops retail properties in the United States. Its portfolio includes grocery-anchored shopping centers, neighborhood and community retail centers, urban street retail properties, and mixed-use assets.

The company focuses on retail locations in densely populated and high-barrier-to-entry markets, serving tenants that include national retailers, restaurants, service providers, and other consumer-oriented businesses.