Acadia Realty Trust Company Profile (NYSE:AKR)

About Acadia Realty Trust (NYSE:AKR)

Acadia Realty Trust logoAcadia 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: Financials
  • Industry: Retail REITs
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:AKR
  • CUSIP: 00423910
  • Web: www.acadiarealty.com
Capitalization:
  • Market Cap: $2.47 billion
  • Outstanding Shares: 83,659,000
Average Prices:
  • 50 Day Moving Avg: $29.50
  • 200 Day Moving Avg: $28.93
  • 52 Week Range: $26.70 - $35.46
P/E:
  • Trailing P/E Ratio: 45.56
  • Foreward P/E Ratio: 67.07
  • P/E Growth: 21.83
Sales & Book Value:
  • Annual Revenue: $251.17 million
  • Price / Sales: 9.83
  • Book Value: $18.77 per share
  • Price / Book: 1.57
Dividend:
  • Annual Dividend: $1.04
  • Dividend Yield: 3.5%
Profitability:
  • EBITDA: $140.01 million
  • Net Margins: 10.26%
  • Return on Equity: 3.04%
  • Return on Assets: 0.61%
Debt:
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 0.58%
  • Quick Ratio: 0.58%
Misc:
  • Average Volume: 472,545 shs.
  • Beta: 0.6
  • 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. Stockholders of record on Friday, September 29th will be paid a dividend of $0.26 per share on Friday, October 13th. This represents a $1.04 annualized dividend and a dividend yield of 3.52%. The ex-dividend date 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) announced its earnings results on Tuesday, July, 25th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.29. The firm earned $59.50 million during the quarter, compared to analyst estimates of $53.72 million. Acadia Realty Trust had a return on equity of 3.04% and a net margin of 10.26%. The business's quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. View Acadia Realty Trust's Earnings History.

When will Acadia Realty Trust make its next earnings announcement?

Acadia Realty Trust is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. 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 FY17 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $1.44-1.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48.

Where is Acadia Realty Trust's stock going? Where will Acadia Realty Trust's stock price be in 2017?

4 brokers have issued twelve-month target prices for Acadia Realty Trust's shares. Their predictions range from $30.00 to $36.00. On average, they expect Acadia Realty Trust's share 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?

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 a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.18%) and Strs Ohio (0.30%). 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 Fisher Asset Management LLC and Strs Ohio. 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.

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?

One share of Acadia Realty Trust stock can currently be purchased for approximately $29.51.


MarketBeat Community Rating for Acadia Realty Trust (NYSE AKR)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  108 (Vote Outperform)
Underperform Votes:  163 (Vote Underperform)
Total Votes:  271
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.

Analyst Ratings

Consensus Ratings for Acadia Realty Trust (NYSE:AKR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $33.50 (13.52% upside)
Consensus Price Target History for Acadia Realty Trust (NYSE:AKR)
Price Target History for Acadia Realty Trust (NYSE:AKR)
Analysts' Ratings History for Acadia Realty Trust (NYSE:AKR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/27/2017Boenning ScattergoodSet Price TargetBuy$35.00MediumView Rating Details
6/28/2017KeyCorpLower Price TargetOverweight$37.00 -> $33.00MediumView Rating Details
6/21/2017BMO Capital MarketsReiterated RatingBuy$36.00LowView Rating Details
6/6/2017Citigroup Inc.Reiterated RatingNeutral$35.00 -> $30.00LowView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
2/22/2016Sanford C. BernsteinReiterated RatingSellN/AView Rating Details
11/9/2015Royal Bank Of CanadaBoost Price TargetOutperform$39.00 -> $40.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Acadia Realty Trust (NYSE:AKR)
Earnings by Quarter for Acadia Realty Trust (NYSE:AKR)
Earnings History by Quarter for Acadia Realty Trust (NYSE AKR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$0.08N/AView Earnings Details
7/25/2017Q2 2017$0.08$0.37$53.72 million$59.50 millionViewN/AView Earnings Details
4/24/2017Q1 2017$0.36$0.40$45.41 million$62.00 millionViewN/AView Earnings Details
2/14/2017Q416$0.22$0.24$46.46 million$54.12 millionViewListenView Earnings Details
10/25/2016Q316$0.35$0.36$41.70 million$51.10 millionViewListenView Earnings Details
7/26/2016Q216$0.38$0.37$40.51 million$51.30 millionViewListenView Earnings Details
4/26/2016Q116$0.41$0.41$40.70 million$52.70 millionViewListenView Earnings Details
2/9/2016Q415$0.36$0.35$39.60 million$54.80 millionViewListenView Earnings Details
11/3/2015Q315$0.35$0.39$39.38 million$56.85 millionViewListenView Earnings Details
7/28/2015Q215$0.44$0.48$38.06 million$53.20 millionViewListenView Earnings Details
4/29/2015Q314$0.32$0.32$33.00 million$52.48 millionViewListenView Earnings Details
2/17/2015Q4$0.35$0.30$32.00 million$51.16 millionViewListenView Earnings Details
4/30/2014Q413$0.32$0.32$28.82 million$46.69 millionViewListenView Earnings Details
10/22/2013Q313$0.31$0.32$29.40 millionViewN/AView Earnings Details
7/30/2013Q213$0.30$0.31$27.52 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Acadia Realty Trust (NYSE:AKR)
2017 EPS Consensus Estimate: $1.45
2018 EPS Consensus Estimate: $1.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.36$0.37$0.37
Q2 20172$0.35$0.36$0.36
Q3 20172$0.36$0.38$0.37
Q4 20172$0.34$0.38$0.36
Q1 20181$0.48$0.48$0.48
Q2 20181$0.36$0.36$0.36
Q3 20181$0.36$0.36$0.36
Q4 20181$0.31$0.31$0.31
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Acadia Realty Trust (NYSE:AKR)
Most Recent Dividend:10/13/2017
Annual Dividend:$1.04
Dividend Yield:3.52%
Dividend Growth:7.30% (3 Year Average)
Payout Ratio:162.50% (Trailing 12 Months of Earnings)
226.09% (Based on This Year's Estimates)
236.36% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Acadia Realty Trust (NYSE:AKR)

Dividend History by Quarter for Acadia Realty Trust (NYSE AKR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/9/2017quarterly$0.263.53%9/28/20179/29/201710/13/2017
5/11/2017quarterly$0.263.78%6/28/20176/30/20177/14/2017
3/1/2017quarterly$0.263.25%3/29/20173/31/20174/14/2017
11/10/2016quarterly$0.263.18%12/28/201612/30/20161/13/2017
8/10/2016quarterly$0.252.75%9/28/20169/30/201610/14/2016
5/10/2016quarterly$0.252.81%6/28/20166/30/20167/15/2016
3/18/2016quarterly$0.252.94%3/29/20163/31/20164/15/2016
11/11/2015special$0.252.94%12/29/201512/31/20151/15/2016
8/12/2015quarterly$0.242.97%9/28/20159/30/201510/15/2015
5/27/2015quarterly$0.243.06%6/26/20156/30/20157/15/2015
3/10/2015quarterly$0.242.89%3/27/20153/31/20154/15/2015
11/6/2014quarterly$0.243.02%12/29/201412/31/20141/15/2015
8/6/2014quarterly$0.233.25%9/26/20149/30/201410/15/2014
5/14/2014quarterly$0.233.4%6/26/20146/30/20147/15/2014
3/10/2014quarterly$0.233.53%3/27/20143/31/20144/15/2014
11/5/2013quarterly$0.233.43%12/27/201312/31/20131/15/2014
8/6/2013quarterly$0.213.3%9/26/20139/30/201310/15/2013
5/16/2013quarterly$0.212.91%6/26/20136/28/20137/15/2013
2/25/2013quarterly$0.213.17%3/26/20133/29/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

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)
Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)
Insider Trades by Quarter for Acadia Realty Trust (NYSE:AKR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/8/2017Kenneth F. BernsteinInsiderBuy700$28.22$19,754.00View SEC Filing  
5/4/2017Kenneth F. BernsteinInsiderBuy702$28.50$20,007.00View SEC Filing  
3/16/2017Christopher ConlonInsiderSell7,500$31.04$232,800.00View SEC Filing  
3/15/2017Christopher ConlonInsiderSell7,500$31.19$233,925.00View SEC Filing  
3/3/2017Wendy W. LuscombeDirectorSell1,500$31.69$47,535.00View SEC Filing  
2/22/2017Joseph NapolitanoInsiderSell7,500$32.17$241,275.00View SEC Filing  
8/2/2016Lee S. WielanskyDirectorSell12,000$37.03$444,360.00View SEC Filing  
8/1/2016Joel L BraunInsiderSell22,000$37.60$827,200.00View SEC Filing  
7/28/2016William T. SpitzDirectorSell10,000$37.25$372,500.00View SEC Filing  
5/6/2016Robert MastersSVPSell6,000$35.20$211,200.00View SEC Filing  
5/6/2016Wendy W LuscombeDirectorSell315$35.46$11,169.90View SEC Filing  
2/24/2016Douglas Crocker IIDirectorSell3,000$33.12$99,360.00View SEC Filing  
2/22/2016Kenneth F BernsteinCEOSell36,000$33.47$1,204,920.00View SEC Filing  
2/16/2016Christopher ConlonEVPSell27,000$32.99$890,730.00View SEC Filing  
2/16/2016Joseph NapolitanoVPSell5,941$33.01$196,112.41View SEC Filing  
2/12/2016Joel L. BraunEVPSell21,600$32.54$702,864.00View SEC Filing  
8/20/2015Christopher ConlonEVPSell4,670$32.33$150,981.10View SEC Filing  
5/22/2015Christopher ConlonEVPSell5,000$31.30$156,500.00View SEC Filing  
3/11/2015Joel L BraunEVPSell31,178$33.23$1,036,044.94View SEC Filing  
3/2/2015Christopher ConlonEVPSell5,500$34.22$188,210.00View SEC Filing  
2/27/2015Lee S WielanskyDirectorSell5,000$34.20$171,000.00View SEC Filing  
2/26/2015Richard HartmannSVPSell1,000$34.32$34,320.00View SEC Filing  
2/25/2015Richard HartmannSVPSell2,000$34.93$69,860.00View SEC Filing  
2/24/2015Jonathan William GrishamSVPSell1,491$35.03$52,229.73View SEC Filing  
2/20/2015Joseph NapolitanoVPSell3,914$35.15$137,577.10View SEC Filing  
2/19/2015Lorrence T KellarDirectorSell10,000$35.24$352,400.00View SEC Filing  
12/2/2014Joel L BraunEVPSell3,720$31.69$117,886.80View SEC Filing  
9/5/2014Lee S WielanskyDirectorSell10,000$28.77$287,700.00View SEC Filing  
8/14/2014Christopher ConlonEVPSell13,000$28.74$373,620.00View SEC Filing  
8/13/2014Kenneth F BernsteinCEOSell100,000$28.40$2,840,000.00View SEC Filing  
8/12/2014Kenneth F BernsteinCEOSell51,300$28.41$1,457,433.00View SEC Filing  
6/11/2014Joseph NapolitanoVPSell3,655$27.31$99,818.05View SEC Filing  
6/9/2014Jonathan William GrishamSVPSell2,384$27.96$66,656.64View SEC Filing  
5/8/2014Kenneth BernsteinCEOSell100,000$27.34$2,734,000.00View SEC Filing  
3/3/2014Christopher ConlonEVPSell12,000$26.38$316,560.00View SEC Filing  
2/19/2014Joseph NapolitanoVPSell12,000$26.32$315,840.00View SEC Filing  
5/24/2013Lorrence T KellarDirectorSell10,000$27.21$272,100.00View SEC Filing  
5/10/2013Douglas Crocker IIDirectorSell7,000$28.72$201,040.00View SEC Filing  
5/3/2013Christopher ConlonEVPSell12,000$28.47$341,640.00View SEC Filing  
3/6/2013Robert MastersVPSell10,000$27.79$277,900.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Acadia Realty Trust (NYSE:AKR)
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Acadia Realty Trust (AKR) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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