Acadia Realty Trust (NYSE:AKR) – Equities researchers at KeyCorp decreased their FY2018 EPS estimates for shares of Acadia Realty Trust in a research report issued to clients and investors on Thursday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will earn $1.36 per share for the year, down from their prior estimate of $1.41. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Acadia Realty Trust’s FY2019 earnings at $1.46 EPS.
Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.08). The business had revenue of $66.08 million for the quarter, compared to analyst estimates of $50.00 million. Acadia Realty Trust had a return on equity of 2.81% and a net margin of 24.56%.
Shares of Acadia Realty Trust (AKR) opened at $24.99 on Monday. The company has a market capitalization of $2,092.54, a PE ratio of 16.55, a PEG ratio of 2.03 and a beta of 0.46. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.41. Acadia Realty Trust has a 1 year low of $21.34 and a 1 year high of $32.02.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, March 28th. Acadia Realty Trust’s dividend payout ratio is presently 150.00%.
Acadia Realty Trust declared that its board has authorized a share buyback plan on Wednesday, February 21st that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Joseph Napolitano sold 14,626 shares of Acadia Realty Trust stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $25.26, for a total value of $369,452.76. Following the sale, the insider now owns 14,744 shares of the company’s stock, valued at approximately $372,433.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.74% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in AKR. Royal Bank of Canada grew its stake in Acadia Realty Trust by 72.2% in the second quarter. Royal Bank of Canada now owns 6,620 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 2,775 shares in the last quarter. Ramsey Quantitative Systems bought a new position in Acadia Realty Trust in the fourth quarter valued at approximately $236,000. Xact Kapitalforvaltning AB bought a new position in Acadia Realty Trust in the fourth quarter valued at approximately $247,000. CIBC Asset Management Inc bought a new position in Acadia Realty Trust in the fourth quarter valued at approximately $277,000. Finally, Two Sigma Advisers LP bought a new position in Acadia Realty Trust in the fourth quarter valued at approximately $331,000.
TRADEMARK VIOLATION WARNING: “FY2018 EPS Estimates for Acadia Realty Trust Decreased by Analyst (AKR)” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3256995/fy2018-eps-estimates-for-acadia-realty-trust-decreased-by-analyst-akr.html.
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.
Receive News & Ratings for Acadia Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.