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

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$28.52 +0.46 (+1.64 %)
(As of 05/22/2019 06:03 AM ET)
Previous Close$28.06
Today's Range$28.14 - $28.52
52-Week Range$23.11 - $29.82
Volume322,500 shs
Average Volume491,046 shs
Market Capitalization$2.36 billion
P/E Ratio21.13
Dividend Yield3.99%
Beta0.73
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$1.8988 per share
Book Value$25.45 per share

Profitability

Net Income$31.17 million

Miscellaneous

Employees112
Market Cap$2.36 billion
Next Earnings Date7/23/2019 (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 announced a quarterly dividend on Thursday, May 9th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.28 per share on Monday, July 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, June 27th. View Acadia Realty Trust's Dividend History.

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

Acadia Realty Trust declared that its board has initiated a stock repurchase plan on Thursday, February 22nd 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

How were Acadia Realty Trust's earnings last quarter?

Acadia Realty Trust (NYSE:AKR) released its quarterly earnings data on Wednesday, April, 24th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.37 by $0.22. The real estate investment trust had revenue of $74.80 million for the quarter, compared to the consensus estimate of $51.36 million. Acadia Realty Trust had a return on equity of 1.71% and a net margin of 13.17%. Acadia Realty Trust's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 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 23rd 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, April, 24th. The company provided EPS guidance of $1.34-1.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41.

What price target have analysts set for AKR?

2 brokers have issued 12 month price targets for Acadia Realty Trust's stock. Their forecasts range from $30.00 to $32.00. On average, they expect Acadia Realty Trust's stock price to reach $31.00 in the next year. This suggests a possible upside of 8.7% 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?

Media coverage about AKR stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Acadia Realty Trust earned a news impact score of 0.9 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely 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), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Stag Industrial (STAG), 1-800-Flowers.Com (FLWS), Prospect Capital (PSEC), Boeing (BA), BlackBerry (BB), Brixmor Property Group (BRX) and Chesapeake Lodging Trust (CHSP).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.31%), FMR LLC (11.67%), Goldman Sachs Group Inc. (6.70%), Northern Trust Corp (2.40%), Heitman Real Estate Securities LLC (1.75%) and Dimensional Fund Advisors LP (1.57%). Company insiders that own Acadia Realty Trust stock include Christopher Conlon, Jason Blacksberg, 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 FMR LLC, Morgan Stanley, Wellington Management Group LLP, Northern Trust Corp, Teachers Insurance & Annuity Association of America, Pinebridge Investments L.P., Renaissance Technologies LLC and Sumitomo Mitsui Trust Holdings Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, Goldman Sachs Group Inc., Ranger Global Real Estate Advisors LLC, Geode Capital Management LLC, State of Wisconsin Investment Board, Wells Fargo & Company MN, Charles Schwab Investment Management Inc. and RMB Capital Management LLC. 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 $28.52.

How big of a company is Acadia Realty Trust?

Acadia Realty Trust has a market capitalization of $2.36 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.

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:  213 (Vote Outperform)
Underperform Votes:  322 (Vote Underperform)
Total Votes:  535
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 5/22/2019 by MarketBeat.com Staff

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