Acadia Realty Trust (NYSE:AKR) Announces $0.20 Quarterly Dividend

Key Points

• Acadia Realty Trust has announced a quarterly dividend of $0.20 per share, set to be paid on October 15th, with a dividend yield of 4.2%.
• The company has a high payout ratio of 222.2%, relying on its balance sheet to cover dividends, though future earnings projections suggest a manageable payout ratio of 55.6% next year.
• Acadia reported a net margin of 5.31% and a revenue increase of 15.3% year-over-year, despite missing EPS estimates in its recent financial reporting.

Acadia Realty Trust (NYSE:AKR - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.20 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Acadia Realty Trust has a payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Acadia Realty Trust to earn $1.44 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 55.6%.

Acadia Realty Trust Trading Up 0.7%

Shares of NYSE:AKR traded up $0.14 during mid-day trading on Wednesday, hitting $19.24. The company had a trading volume of 1,475,968 shares, compared to its average volume of 1,253,628. The company has a market capitalization of $2.52 billion, a PE ratio of 120.23, a price-to-earnings-growth ratio of 2.95 and a beta of 1.41. Acadia Realty Trust has a one year low of $16.98 and a one year high of $26.29. The firm has a fifty day moving average price of $18.91 and a 200 day moving average price of $20.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%. The company had revenue of $98.30 million during the quarter, compared to analysts' expectations of $81.89 million. During the same period last year, the company earned $0.31 earnings per share. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current year.

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 Portfolio 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 corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.