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

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$29.27 -0.06 (-0.20 %)
(As of 02/22/2019 02:25 PM ET)
Previous Close$29.33
Today's Range$29.09 - $29.63
52-Week Range$22.27 - $29.82
Volume18,590 shs
Average Volume433,709 shs
Market Capitalization$2.39 billion
P/E Ratio21.68
Dividend Yield3.84%
Beta0.75
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.

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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$1.9093 per share
Book Value$25.48 per share

Profitability

Net Income$31.17 million

Miscellaneous

Employees118
Market Cap$2.39 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

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 Thursday, November 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.28 per share on Tuesday, January 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, December 28th. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.27. View Acadia Realty Trust's Dividend History.

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

Acadia Realty Trust announced that its board has initiated a share repurchase 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication 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 Wednesday, February, 13th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.27. The real estate investment trust had revenue of $69.45 million for the quarter, compared to analyst estimates of $53.28 million. Acadia Realty Trust had a return on equity of 1.48% and a net margin of 11.95%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. 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, May 7th 2019. 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 FY19 earnings guidance on Wednesday, February, 13th. The company provided EPS guidance of $1.34-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. Acadia Realty Trust also updated its FY 2019 guidance to $1.34-1.46 EPS.

What price target have analysts set for AKR?

3 equities research analysts have issued 12-month price objectives for Acadia Realty Trust's shares. Their predictions range from $29.00 to $33.00. On average, they expect Acadia Realty Trust's share price to reach $31.3333 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets 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 1 hold rating and 2 buy ratings 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?

News headlines about AKR stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Acadia Realty Trust earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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

What other stocks do shareholders of Acadia Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Acadia Realty Trust investors own include General Electric (GE), BlackBerry (BB), Boeing (BA), Cisco Systems (CSCO), CONSOL Coal Resources (CCR), Johnson & Johnson (JNJ), Stag Industrial (STAG), Kinder Morgan (KMI), Mid-America Apartment Communities (MAA) and CVR Refining (CVRR).

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, Sr. VP & CFO (Age 47)
  • Mr. Christopher Conlon, Exec. VP & COO (Age 59)
  • Mr. Jason Blacksberg Esq., Chief Compliance Officer, Sr. VP, Gen. Counsel & Sec. (Age 43)
  • 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 variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.60%), Northern Trust Corp (2.48%), Dimensional Fund Advisors LP (1.60%), Bank of New York Mellon Corp (1.49%), Geode Capital Management LLC (1.32%) and Legal & General Group Plc (1.18%). Company insiders that own Acadia Realty Trust stock include Chad Kenneth Holliday, Christopher Conlon, Jason Blacksberg, Joseph Napolitano, Kenneth F Bernstein, 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 Citigroup Inc., Northern Trust Corp, Bank of New York Mellon Corp, Barclays PLC, Legal & General Group Plc, Eaton Vance Management, Amundi Pioneer Asset Management Inc. and Manning & Napier Group LLC. Company insiders that have sold Acadia Realty Trust company stock in the last year include Christopher Conlon, Jason Blacksberg, Joseph Napolitano, Richard Hartmann 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 acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., D. E. Shaw & Co. Inc., Geode Capital Management LLC, Rhumbline Advisers, Oregon Public Employees Retirement Fund, Bank of America Corp DE and Municipal Employees Retirement System of Michigan. Company insiders that have bought Acadia Realty Trust stock in the last two years include Chad Kenneth Holliday and Kenneth F Bernstein. 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 $29.31.

How big of a company is Acadia Realty Trust?

Acadia Realty Trust has a market capitalization of $2.39 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 118 workers across the globe.

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:  204 (Vote Outperform)
Underperform Votes:  306 (Vote Underperform)
Total Votes:  510
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 2/22/2019 by MarketBeat.com Staff

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