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NYSE:AKR - Acadia Realty Trust Stock Price, Forecast & News

$26.56
+0.09 (+0.34 %)
(As of 12/10/2019 06:00 AM ET)
Today's Range
$26.34
Now: $26.56
$26.67
50-Day Range
$26.35
MA: $27.50
$29.30
52-Week Range
$23.11
Now: $26.56
$29.82
Volume546,727 shs
Average Volume456,098 shs
Market Capitalization$2.31 billion
P/E Ratio19.67
Dividend Yield4.23%
Beta0.63
Acadia 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.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP00423910
Phone914-288-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$262.21 million
Cash Flow$1.91 per share
Book Value$25.53 per share

Profitability

Net Income$31.17 million

Miscellaneous

Employees112
Market Cap$2.31 billion
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, November 5th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.29 per share on Wednesday, January 15th. This represents a $1.16 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Acadia Realty Trust's previous quarterly dividend of $0.28. 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 approved a stock repurchase plan on Thursday, February 22nd 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

How were Acadia Realty Trust's earnings last quarter?

Acadia Realty Trust (NYSE:AKR) released its quarterly earnings data on Wednesday, October, 23rd. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.21. The real estate investment trust had revenue of $72.19 million for the quarter, compared to the consensus estimate of $61.66 million. Acadia Realty Trust had a return on equity of 1.82% and a net margin of 13.42%. The firm's revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 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 Wednesday, February 12th 2020. View Earnings Estimates for Acadia Realty Trust.

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

Acadia Realty Trust updated its FY19 earnings guidance on Wednesday, October, 23rd. The company provided earnings per share guidance of $1.40-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42.

What price target have analysts set for AKR?

2 equities research analysts have issued 12-month price objectives for Acadia Realty Trust's stock. Their forecasts range from $30.00 to $30.00. On average, they anticipate Acadia Realty Trust's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View Analyst Price Targets for Acadia Realty Trust.

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

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

Has Acadia Realty Trust been receiving favorable news coverage?

Press coverage about AKR stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Acadia Realty Trust earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Acadia Realty Trust.

Are investors shorting Acadia Realty Trust?

Acadia Realty Trust saw a increase in short interest in October. As of October 15th, there was short interest totalling 3,620,000 shares, an increase of 22.7% from the September 15th total of 2,950,000 shares. Based on an average trading volume of 428,800 shares, the days-to-cover ratio is currently 8.4 days. Approximately 4.3% of the company's stock are sold short. View Acadia Realty Trust's Current Options Chain.

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

What other stocks do shareholders of Acadia Realty Trust own?

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 58)
  • Mr. John Gottfried CPA, CPA, Sr. VP & CFO (Age 47)
  • Mr. Christopher Conlon, Exec. VP & COO (Age 59)
  • Mr. Joseph M. Napolitano, Chief Admin. Officer & Sr. VP (Age 54)
  • Mr. Richard M. Hartmann, Chief Accounting Officer & Sr. VP

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 shareholders include State Street Corp (5.19%), Phocas Financial Corp. (0.53%), State of New Jersey Common Pension Fund D (0.53%), Rhumbline Advisers (0.34%), Barclays PLC (0.22%) and California Public Employees Retirement System (0.17%). Company insiders that own Acadia Realty Trust stock include Christopher Conlon, Jason Blacksberg, John J Gottfried, Joseph Napolitano, Richard Hartmann and Wendy W Luscombe. View Institutional Ownership Trends for Acadia Realty Trust.

Which major investors are selling Acadia Realty Trust stock?

AKR stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, State of New Jersey Common Pension Fund D, Barclays PLC, Strs Ohio, Envestnet Asset Management Inc., Quadrant Capital Group LLC, Russell Investments Group Ltd. and First Trust Advisors LP. Company insiders that have sold Acadia Realty Trust company stock in the last year include Christopher Conlon, Jason Blacksberg, John J Gottfried and Wendy W Luscombe. View Insider Buying and Selling for Acadia Realty Trust.

Which major investors are buying Acadia Realty Trust stock?

AKR stock was bought by a variety of institutional investors in the last quarter, including Phocas Financial Corp., State Street Corp, California Public Employees Retirement System, Millennium Management LLC, Rhumbline Advisers, Sumitomo Mitsui Trust Holdings Inc., 6 Meridian and 6 Meridian. 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, Robinhood, Fidelity and Charles Schwab.

What is Acadia Realty Trust's stock price today?

One share of AKR stock can currently be purchased for approximately $26.56.

How big of a company is Acadia Realty Trust?

Acadia Realty Trust has a market capitalization of $2.31 billion and generates $262.21 million in revenue each year. The real estate investment trust earns $31.17 million in net income (profit) each year or $1.35 on an earnings per share basis. Acadia Realty Trust employs 112 workers across the globe.View Additional Information About Acadia Realty Trust.

What is Acadia Realty Trust's official website?

The official website for Acadia Realty Trust is http://www.acadiarealty.com/.

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:  248 (Vote Outperform)
Underperform Votes:  366 (Vote Underperform)
Total Votes:  614
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 12/10/2019 by MarketBeat.com Staff

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