NYSE:AKR - Acadia Realty Trust Stock Price, Price Target & More

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$26.59 -0.17 (-0.64 %)
(As of 07/18/2018 05:03 AM ET)
Previous Close$26.76
Today's Range$26.55 - $27.00
52-Week Range$21.34 - $30.63
Volume718,100 shs
Average Volume564,464 shs
Market Capitalization$2.18 billion
P/E Ratio18.58
Dividend Yield4.04%
Beta0.44
Acadia Realty Trust logoAcadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit www.acadiarealty.com.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:AKR
CUSIP00423910
Phone914-288-8100

Debt

Debt-to-Equity Ratio0.42
Current Ratio0.29
Quick Ratio0.29

Price-To-Earnings

Trailing P/E Ratio18.58
Forward P/E Ratio19.27
P/E Growth2.25

Sales & Book Value

Annual Sales$250.26 million
Price / Sales8.67
Cash Flow$2.0470 per share
Price / Cash12.99
Book Value$26.47 per share
Price / Book1.00

Profitability

EPS (Most Recent Fiscal Year)$1.51
Net Income$60.82 million
Net Margins21.17%
Return on Equity2.44%
Return on Assets1.33%

Miscellaneous

Employees118
Outstanding Shares81,590,000
Market Cap$2,183.36

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Acadia Realty Trust (NYSE:AKR) Frequently Asked Questions

What is Acadia Realty Trust's stock symbol?

Acadia Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "AKR."

How often does Acadia Realty Trust pay dividends? What is the dividend yield for Acadia Realty Trust?

Acadia Realty Trust declared a quarterly dividend on Friday, May 11th. Stockholders of record on Friday, June 29th will be given a dividend of $0.27 per share on Friday, July 13th. This represents a $1.08 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Thursday, June 28th. View Acadia Realty Trust's Dividend History.

How will Acadia Realty Trust's stock buyback program work?

Acadia Realty Trust announced that its Board of Directors has initiated a share buyback plan on Thursday, February 22nd 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

How were Acadia Realty Trust's earnings last quarter?

Acadia Realty Trust (NYSE:AKR) posted its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by $0.04. The real estate investment trust had revenue of $63.12 million for the quarter, compared to the consensus estimate of $47.54 million. Acadia Realty Trust had a net margin of 21.17% and a return on equity of 2.44%. Acadia Realty Trust's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. View Acadia Realty Trust's Earnings History.

When is Acadia Realty Trust's next earnings date?

Acadia Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Acadia Realty Trust.

What guidance has Acadia Realty Trust issued on next quarter's earnings?

Acadia Realty Trust issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share guidance of $1.33-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.38.

What price target have analysts set for AKR?

3 brokers have issued 12-month price objectives for Acadia Realty Trust's shares. Their forecasts range from $27.00 to $33.00. On average, they expect Acadia Realty Trust's stock price to reach $30.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Ratings for Acadia Realty Trust.

What is the consensus analysts' recommendation for Acadia Realty Trust?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acadia Realty Trust in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about Acadia Realty Trust stock?

Here are some recent quotes from research analysts about Acadia Realty Trust stock:
  • 1. According to Zacks Investment Research, "Acadia Realty Trust is a fully integrated, self-managed and self-administered equity REIT focused primarily on the ownership, acquisition, redevelopment and management of neighborhood and community shopping centers. " (5/4/2018)
  • 2. Boenning Scattergood analysts commented, "We believe that AKR’s growth profile is unique in the strip sector as the company’s significant Chicago street retail exposure flies below the radar yet has largely avoided the pitfalls of Manhattan’s Fifth Avenue, a market in which the company has zero exposure. On the earnings call, management indicated confidence in delivering medium-term average 4% SS NOI growth by sustaining contractual rent growth and keeping up with strong releasing spreads in key locations in New York, Washington D.C., and Chicago." (7/27/2017)

Who are some of Acadia Realty Trust's key competitors?

Who are Acadia Realty Trust's key executives?

Acadia Realty Trust's management team includes the folowing people:
  • Mr. Kenneth F. Bernstein, Pres, CEO & Trustee (Age 57)
  • Mr. John Gottfried CPA, Sr. VP & CFO (Age 46)
  • Mr. Christopher Conlon, Exec. VP & COO (Age 58)
  • Mr. Joel Braun, Chief Investment Officer & Exec. VP (Age 66)
  • Mr. Jason Blacksberg Esq., Chief Compliance Officer, Sr. VP, Gen. Counsel & Sec. (Age 42)

Has Acadia Realty Trust been receiving favorable news coverage?

News coverage about AKR stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Acadia Realty Trust earned a daily sentiment score of 0.08 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 46.31 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Acadia Realty Trust's major shareholders?

Acadia Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.18%) and State of Alaska Department of Revenue (0.07%). Company insiders that own Acadia Realty Trust stock include Chad Kenneth Holliday, Christopher Conlon, Jason Blacksberg, Joel L Braun, Joseph Napolitano, Kenneth F Bernstein, Lee S Wielansky, Wendy W Luscombe and William T Spitz. View Institutional Ownership Trends for Acadia Realty Trust.

Which institutional investors are selling Acadia Realty Trust stock?

AKR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Fisher Asset Management LLC. Company insiders that have sold Acadia Realty Trust company stock in the last year include Christopher Conlon, Jason Blacksberg and Joseph Napolitano. View Insider Buying and Selling for Acadia Realty Trust.

How do I buy shares of Acadia Realty Trust?

Shares of AKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Acadia Realty Trust's stock price today?

One share of AKR stock can currently be purchased for approximately $26.59.

How big of a company is Acadia Realty Trust?

Acadia Realty Trust has a market capitalization of $2.20 billion and generates $250.26 million in revenue each year. The real estate investment trust earns $60.82 million in net income (profit) each year or $1.51 on an earnings per share basis. Acadia Realty Trust employs 118 workers across the globe.

How can I contact Acadia Realty Trust?

Acadia Realty Trust's mailing address is 411 THEODORE FREMD AVENUE SUITE 300, RYE NY, 10580. The real estate investment trust can be reached via phone at 914-288-8100 or via email at [email protected]


MarketBeat Community Rating for Acadia Realty Trust (NYSE AKR)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  163 (Vote Outperform)
Underperform Votes:  250 (Vote Underperform)
Total Votes:  413
MarketBeat's community ratings are surveys of what our community members think about Acadia Realty Trust and other stocks. Vote "Outperform" if you believe AKR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/18/2018 by MarketBeat.com Staff

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