Acadia Realty Trust (NYSE:AKR) Earning Favorable News Coverage, Study Shows
News articles about Acadia Realty Trust (NYSE:AKR) have been trending positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Acadia Realty Trust earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.1652347201845 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- KeyCorp Analysts Reduce Earnings Estimates for Acadia Realty Trust (NYSE:AKR) (joshnaijablog.com)
- Brokers Add To Their Ratings On Acadia Realty Trust (NYSE:AKR) (ekosvoice.com)
- Acadia Realty Trust (AKR) Gives Forward Looking Guidance For Fiscal Year 17 (fishinghd.com)
- See what the IHS Markit Score report has to say about Acadia Realty Trust. (finance.yahoo.com)
- Acadia Realty Trust (AKR) Announces $0.26 Quarterly Dividend (americanbankingnews.com)
Shares of Acadia Realty Trust (NYSE:AKR) traded down 2.14% during mid-day trading on Friday, hitting $28.84. The stock had a trading volume of 367,546 shares. The stock has a 50-day moving average price of $28.70 and a 200 day moving average price of $29.62. Acadia Realty Trust has a 52 week low of $26.70 and a 52 week high of $37.54. The stock has a market cap of $2.41 billion, a P/E ratio of 44.64 and a beta of 0.59.
Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.29. Acadia Realty Trust had a net margin of 23.63% and a return on equity of 2.50%. The business had revenue of $59.50 million during the quarter, compared to analyst estimates of $53.72 million. During the same quarter in the previous year, the business earned $0.37 EPS. Acadia Realty Trust’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts forecast that Acadia Realty Trust will post $0.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, September 28th. Acadia Realty Trust’s payout ratio is presently 162.50%.
Several analysts recently issued reports on the company. TheStreet downgraded Acadia Realty Trust from a “b-” rating to a “c” rating in a report on Monday, April 24th. Zacks Investment Research upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Boenning Scattergood set a $35.00 price target on Acadia Realty Trust and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub upgraded Acadia Realty Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, KeyCorp lowered their price target on Acadia Realty Trust from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $34.60.
Acadia Realty Trust Company Profile
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.
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