About Acadia Realty Trust (NYSE:AKR)
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. For further information, please visit www.acadiarealty.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio18.16
Forward P/E Ratio19.93
Sales & Book Value
Annual Sales$250.26 million
Price / Sales8.97
Cash Flow$2.0669 per share
Price / Cash13.31
Book Value$26.47 per share
Price / Book1.04
EPS (Most Recent Fiscal Year)$1.51
Net Income$60.82 million
Return on Equity2.44%
Return on Assets1.33%
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 Friday, May 11th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.27 per share on Friday, July 13th. This represents a $1.08 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Thursday, June 28th. 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 initiated a stock 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board 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 Tuesday, May, 1st. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. The real estate investment trust earned $63.12 million during the quarter, compared to the consensus estimate of $47.54 million. Acadia Realty Trust had a net margin of 21.17% and a return on equity of 2.44%. The company's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. View Acadia Realty Trust's Earnings History.
When is Acadia Realty Trust's next earnings date?
What guidance has Acadia Realty Trust issued on next quarter's earnings?
Acadia Realty Trust issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $1.33-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38.
What price target have analysts set for AKR?
4 analysts have issued 12-month target prices for Acadia Realty Trust's shares. Their forecasts range from $27.00 to $36.00. On average, they anticipate Acadia Realty Trust's stock price to reach $32.25 in the next year. View Analyst Ratings for Acadia Realty Trust.
What are Wall Street 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. " (5/4/2018)
- 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 SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Macerich (MAC), Sun Communities (SUI), VICI Properties (VICI), Kilroy Realty (KRC), Gaming and Leisure Properties (GLPI), WP Carey (WPC), Vereit (VER), Kimco Realty (KIM), Lamar Advertising (LAMR) and Douglas Emmett (DEI).
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 57)
- Mr. John Gottfried CPA, Sr. VP & CFO (Age 46)
- Mr. Christopher Conlon, Exec. VP & COO (Age 58)
- Mr. Joel Braun, Chief Investment Officer & Exec. VP (Age 66)
- Mr. Joseph M. Napolitano, Chief Admin. Officer & Sr. VP (Age 53)
Has Acadia Realty Trust been receiving favorable news coverage?
Media headlines about AKR stock have been trending positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Acadia Realty Trust earned a media sentiment score of 0.28 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 45.60 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Acadia Realty Trust's major shareholders?
Acadia Realty Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.24%), Northern Trust Corp (2.73%), Dimensional Fund Advisors LP (1.59%), JPMorgan Chase & Co. (1.36%), Barings LLC (1.32%) and Schwab Charles Investment Management Inc. (1.25%). Company insiders that own Acadia Realty Trust stock include Chad Kenneth Holliday, Christopher Conlon, Joel L Braun, Joseph Napolitano, Kenneth F Bernstein, Lee S Wielansky, Wendy W Luscombe and William T Spitz. View Institutional Ownership Trends for Acadia Realty Trust.
Which institutional investors are selling Acadia Realty Trust stock?
AKR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Citadel Advisors LLC, Citigroup Inc., Barings LLC, WINTON GROUP Ltd, Amundi Pioneer Asset Management Inc., BNP Paribas Arbitrage SA and Zurcher Kantonalbank Zurich Cantonalbank. View Insider Buying and Selling for Acadia Realty Trust.
Which institutional investors are buying Acadia Realty Trust stock?
AKR stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Legal & General Group Plc, Nuveen Asset Management LLC, Heitman Real Estate Securities LLC, Barclays PLC, Westpac Banking Corp, A.R.T. Advisors LLC and Northern Trust Corp. 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 $27.46.
How big of a company is Acadia Realty Trust?
Acadia Realty Trust has a market capitalization of $2.24 billion and generates $250.26 million in revenue each year. The real estate investment trust earns $60.82 million in net income (profit) each year or $1.51 on an earnings per share basis. Acadia Realty Trust employs 118 workers across the globe.
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 (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 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.