Acadia Realty Trust (AKR) to Issue Quarterly Dividend of $0.20 on April 15th

Acadia Realty Trust (NYSE:AKR) announced a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.23%. The ex-dividend date is Monday, March 31st. This is a boost from Acadia Realty Trust’s previous quarterly dividend of $0.19.

Acadia Realty Trust has increased its dividend by an average of 7.2% annually over the last three years. Acadia Realty Trust has a payout ratio of 200.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Acadia Realty Trust to earn $1.34 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 59.7%.

Acadia Realty Trust Trading Up 2.8 %

AKR stock opened at $24.75 on Friday. Acadia Realty Trust has a twelve month low of $16.09 and a twelve month high of $26.29. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 274.98, a price-to-earnings-growth ratio of 6.24 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $23.65 and its two-hundred day simple moving average is $23.46.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. As a group, analysts anticipate that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AKR shares. Truist Financial upped their price target on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. StockNews.com lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.00.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio 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 corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.