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. Funds holds primarily retail real estate in which it co-invests with institutional investors. Structured Financing consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds. As of December 31, 2016, it had ownership interests in 182 properties within its core portfolio. In the Core Portfolio segment, the Company owned an interest in a 311,000 square foot shopping center, a 28,000 square foot retail and an interest in an 87,000 square foot retail property, among others, as of December 31, 2016.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:AKR
- CUSIP: 00423910
- Web: www.acadiarealty.com
- Market Cap: $2.42 billion
- Outstanding Shares: 83,659,000
- 50 Day Moving Avg: $28.81
- 200 Day Moving Avg: $29.55
- 52 Week Range: $26.70 - $37.54
Sales & Book Value:
- Trailing P/E Ratio: 44.71
- Foreward P/E Ratio: 65.64
- P/E Growth: 22.05
- Annual Revenue: $251.17 million
- Price / Sales: 9.62
- Book Value: $18.77 per share
- Price / Book: 1.54
- Annual Dividend: $1.04
- Dividend Yield: 3.5%
- EBIDTA: $140.01 million
- Net Margins: 23.63%
- Return on Equity: 2.50%
- Return on Assets: 1.37%
- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 0.58%
- Quick Ratio: 0.58%
- Average Volume: 499,406 shs.
- Beta: 0.59
- Short Ratio: 7.41
Frequently Asked Questions for Acadia Realty Trust (NYSE:AKR)
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 Wednesday, August 9th. Investors of record on Friday, September 29th will be given a dividend of $0.26 per share on Friday, October 13th. This represents a $1.04 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, September 28th. View Acadia Realty Trust's Dividend History.
How were Acadia Realty Trust's earnings last quarter?
Acadia Realty Trust (NYSE:AKR) issued its quarterly earnings results on Tuesday, July, 25th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.08 by $0.29. The company had revenue of $59.50 million for the quarter, compared to the consensus estimate of $53.72 million. Acadia Realty Trust had a return on equity of 2.50% and a net margin of 23.63%. The company's quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. View Acadia Realty Trust's Earnings History.
When will Acadia Realty Trust make its next earnings announcement?
What guidance has Acadia Realty Trust issued on next quarter's earnings?
Acadia Realty Trust issued an update on its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $1.44-1.54 for the period, compared to the Thomson Reuters consensus estimate of $1.48.
Where is Acadia Realty Trust's stock going? Where will Acadia Realty Trust's stock price be in 2017?
5 brokers have issued 1 year target prices for Acadia Realty Trust's stock. Their forecasts range from $30.00 to $36.00. On average, they anticipate Acadia Realty Trust's stock price to reach $33.50 in the next twelve months. View Analyst Ratings for Acadia Realty Trust.
What are 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. " (7/28/2017)
- 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?
Some companies that are related to Acadia Realty Trust include Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Tanger Factory Outlet Centers (SKT), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR) and Capital & Regional plc (CAL).
Who are Acadia Realty Trust's key executives?
Acadia Realty Trust's management team includes the folowing people:
- Kenneth F. Bernstein, President, Chief Executive Officer, Trustee
- John J. Gottfried, Chief Financial Officer, Senior Vice President
- Christopher M. Conlon, Chief Operating Officer, Executive Vice President
- Joel L. Braun, Executive Vice President, Chief Investment Officer
- Joseph M. Napolitano, Senior Vice President, Chief Administrative Officer
- Jason Blacksberg, Senior Vice President, Chief Compliance Officer, General Counsel, Secretary
- Amy Racanello, Senior Vice President, Capital Markets & Investments
- Lee S. Wielansky, Lead Independent Trustee
- Douglas Crocker II, Independent Trustee
- Lorrence T. Kellar, Independent Trustee
Who owns Acadia Realty Trust stock?
Acadia Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.42%), BlackRock Inc. (14.75%), FMR LLC (13.23%), Goldman Sachs Group Inc. (6.87%), State Street Corp (3.88%) and Northern Trust Corp (2.56%). Company insiders that own Acadia Realty Trust stock include Christopher Conlon, Douglas Crocker II, Joel L Braun, Joseph Napolitano, Kenneth F Bernstein, Lee S Wielansky, Robert Masters, Wendy W Luscombe and William T Spitz. View Institutional Ownership Trends for Acadia Realty Trust.
Who sold Acadia Realty Trust stock? Who is selling Acadia Realty Trust stock?
Acadia Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Eaton Vance Management, AXA, Resolution Capital Ltd, Susquehanna International Group LLP, Trillium Asset Management LLC, Fisher Asset Management LLC and Public Sector Pension investment Board. Company insiders that have sold Acadia Realty Trust stock in the last year include Christopher Conlon, Joseph Napolitano and Wendy W Luscombe. View Insider Buying and Selling for Acadia Realty Trust.
Who bought Acadia Realty Trust stock? Who is buying Acadia Realty Trust stock?
Acadia Realty Trust's stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., FMR LLC, Citadel Advisors LLC, State of Wisconsin Investment Board, BlackRock Inc., WINTON GROUP Ltd and Northern Trust Corp. View Insider Buying and Selling for Acadia Realty Trust.
How do I buy Acadia Realty Trust stock?
Shares of Acadia Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Acadia Realty Trust's stock price today?
MarketBeat Community Rating for Acadia Realty Trust (NYSE AKR)MarketBeat's community ratings are surveys of what our community members think about Acadia Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Acadia Realty Trust stock can currently be purchased for approximately $28.88.
Consensus Ratings for Acadia Realty Trust (NYSE:AKR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$33.50 (16.00% upside)|
Analysts' Ratings History for Acadia Realty Trust (NYSE:AKR)
(Data available from 8/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/27/2017||Boenning Scattergood||Set Price Target||Buy||$35.00||Medium|
|6/28/2017||KeyCorp||Lower Price Target||Overweight||$37.00 -> $33.00||Medium|
|6/21/2017||BMO Capital Markets||Reiterated Rating||Buy||$36.00||Low|
|6/6/2017||Citigroup Inc.||Reiterated Rating||Neutral||$35.00 -> $30.00||Low|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|2/22/2016||Sanford C. Bernstein||Reiterated Rating||Sell||N/A|
|11/9/2015||Royal Bank Of Canada||Boost Price Target||Outperform||$39.00 -> $40.00||N/A|
Earnings History for Acadia Realty Trust (NYSE:AKR)Earnings History by Quarter for Acadia Realty Trust (NYSE AKR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.08||$0.37||$53.72 million||$59.50 million||View||N/A|
|4/24/2017||Q1 2017||$0.36||$0.40||$45.41 million||$62.00 million||View||N/A|
|2/14/2017||Q416||$0.22||$0.24||$46.46 million||$54.12 million||View||Listen|
|10/25/2016||Q316||$0.35||$0.36||$41.70 million||$51.10 million||View||Listen|
|7/26/2016||Q216||$0.38||$0.37||$40.51 million||$51.30 million||View||Listen|
|4/26/2016||Q116||$0.41||$0.41||$40.70 million||$52.70 million||View||Listen|
|2/9/2016||Q415||$0.36||$0.35||$39.60 million||$54.80 million||View||Listen|
|11/3/2015||Q315||$0.35||$0.39||$39.38 million||$56.85 million||View||Listen|
|7/28/2015||Q215||$0.44||$0.48||$38.06 million||$53.20 million||View||Listen|
|4/29/2015||Q314||$0.32||$0.32||$33.00 million||$52.48 million||View||Listen|
|2/17/2015||Q4||$0.35||$0.30||$32.00 million||$51.16 million||View||Listen|
|4/30/2014||Q413||$0.32||$0.32||$28.82 million||$46.69 million||View||Listen|
Earnings Estimates for Acadia Realty Trust (NYSE:AKR)
2017 EPS Consensus Estimate: $1.45
2018 EPS Consensus Estimate: $1.51
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Acadia Realty Trust (NYSE:AKR)
|Dividend Growth:||7.30% (3 Year Average)|
|Payout Ratio:||162.50% (Trailing 12 Months of Earnings) |
236.36% (Based on This Year's Estimates)
236.36% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Acadia Realty Trust (NYSE AKR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Acadia Realty Trust (NYSE:AKR)
Insider Ownership Percentage: 1.74%Insider Trades by Quarter for Acadia Realty Trust (NYSE:AKR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/8/2017||Kenneth F. Bernstein||Insider||Buy||700||$28.22||$19,754.00|| |
|5/4/2017||Kenneth F. Bernstein||Insider||Buy||702||$28.50||$20,007.00|| |
|3/16/2017||Christopher Conlon||Insider||Sell||7,500||$31.04||$232,800.00|| |
|3/15/2017||Christopher Conlon||Insider||Sell||7,500||$31.19||$233,925.00|| |
|3/3/2017||Wendy W. Luscombe||Director||Sell||1,500||$31.69||$47,535.00|| |
|2/22/2017||Joseph Napolitano||Insider||Sell||7,500||$32.17||$241,275.00|| |
|8/2/2016||Lee S. Wielansky||Director||Sell||12,000||$37.03||$444,360.00|| |
|8/1/2016||Joel L Braun||Insider||Sell||22,000||$37.60||$827,200.00|| |
|7/28/2016||William T. Spitz||Director||Sell||10,000||$37.25||$372,500.00|| |
|5/6/2016||Robert Masters||SVP||Sell||6,000||$35.20||$211,200.00|| |
|5/6/2016||Wendy W Luscombe||Director||Sell||315||$35.46||$11,169.90|| |
|2/24/2016||Douglas Crocker II||Director||Sell||3,000||$33.12||$99,360.00|| |
|2/22/2016||Kenneth F Bernstein||CEO||Sell||36,000||$33.47||$1,204,920.00|| |
|2/16/2016||Christopher Conlon||EVP||Sell||27,000||$32.99||$890,730.00|| |
|2/16/2016||Joseph Napolitano||VP||Sell||5,941||$33.01||$196,112.41|| |
|2/12/2016||Joel L. Braun||EVP||Sell||21,600||$32.54||$702,864.00|| |
|8/20/2015||Christopher Conlon||EVP||Sell||4,670||$32.33||$150,981.10|| |
|5/22/2015||Christopher Conlon||EVP||Sell||5,000||$31.30||$156,500.00|| |
|3/11/2015||Joel L Braun||EVP||Sell||31,178||$33.23||$1,036,044.94|| |
|3/2/2015||Christopher Conlon||EVP||Sell||5,500||$34.22||$188,210.00|| |
|2/27/2015||Lee S Wielansky||Director||Sell||5,000||$34.20||$171,000.00|| |
|2/26/2015||Richard Hartmann||SVP||Sell||1,000||$34.32||$34,320.00|| |
|2/25/2015||Richard Hartmann||SVP||Sell||2,000||$34.93||$69,860.00|| |
|2/24/2015||Jonathan William Grisham||SVP||Sell||1,491||$35.03||$52,229.73|| |
|2/20/2015||Joseph Napolitano||VP||Sell||3,914||$35.15||$137,577.10|| |
|2/19/2015||Lorrence T Kellar||Director||Sell||10,000||$35.24||$352,400.00|| |
|12/2/2014||Joel L Braun||EVP||Sell||3,720||$31.69||$117,886.80|| |
|9/5/2014||Lee S Wielansky||Director||Sell||10,000||$28.77||$287,700.00|| |
|8/14/2014||Christopher Conlon||EVP||Sell||13,000||$28.74||$373,620.00|| |
|8/13/2014||Kenneth F Bernstein||CEO||Sell||100,000||$28.40||$2,840,000.00|| |
|8/12/2014||Kenneth F Bernstein||CEO||Sell||51,300||$28.41||$1,457,433.00|| |
|6/11/2014||Joseph Napolitano||VP||Sell||3,655||$27.31||$99,818.05|| |
|6/9/2014||Jonathan William Grisham||SVP||Sell||2,384||$27.96||$66,656.64|| |
|5/8/2014||Kenneth Bernstein||CEO||Sell||100,000||$27.34||$2,734,000.00|| |
|3/3/2014||Christopher Conlon||EVP||Sell||12,000||$26.38||$316,560.00|| |
|2/19/2014||Joseph Napolitano||VP||Sell||12,000||$26.32||$315,840.00|| |
|5/24/2013||Lorrence T Kellar||Director||Sell||10,000||$27.21||$272,100.00|| |
|5/10/2013||Douglas Crocker II||Director||Sell||7,000||$28.72||$201,040.00|| |
|5/3/2013||Christopher Conlon||EVP||Sell||12,000||$28.47||$341,640.00|| |
|3/6/2013||Robert Masters||VP||Sell||10,000||$27.79||$277,900.00|| |
Headline Trends for Acadia Realty Trust (NYSE:AKR)
Latest Headlines for Acadia Realty Trust (NYSE:AKR)
Acadia Realty Trust (AKR) Chart for Thursday, August, 17, 2017