Research Analysts Offer Predictions for Acadia Realty Trust’s Q4 2021 Earnings (NYSE:AKR)

Acadia Realty Trust (NYSE:AKR) – Stock analysts at KeyCorp dropped their Q4 2021 earnings per share estimates for shares of Acadia Realty Trust in a research report issued on Tuesday, September 21st. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.29. KeyCorp currently has a “Overweight” rating and a $25.00 price objective on the stock. KeyCorp also issued estimates for Acadia Realty Trust’s Q3 2022 earnings at $0.32 EPS, Q4 2022 earnings at $0.33 EPS and FY2022 earnings at $1.25 EPS.

Acadia Realty Trust (NYSE:AKR) last released its earnings results on Wednesday, July 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.22). Acadia Realty Trust had a negative net margin of 4.10% and a negative return on equity of 0.52%.

A number of other brokerages have also recently commented on AKR. Truist Securities upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $25.00 in a research note on Thursday, June 24th. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, July 29th. Finally, Truist raised shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $25.00 in a report on Thursday, June 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Acadia Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $20.13.

Shares of AKR stock opened at $20.36 on Wednesday. The stock has a market capitalization of $1.80 billion, a P/E ratio of -169.65, a PEG ratio of 2.36 and a beta of 1.48. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $20.99 and its 200 day moving average is $21.02. Acadia Realty Trust has a 12 month low of $9.10 and a 12 month high of $22.97.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, September 29th. Acadia Realty Trust’s dividend payout ratio (DPR) is presently 58.82%.

In other news, VP Joseph Napolitano sold 10,000 shares of the stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $21.53, for a total value of $215,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lorrence T. Kellar sold 2,500 shares of the stock in a transaction on Monday, September 13th. The stock was sold at an average price of $20.72, for a total transaction of $51,800.00. Following the completion of the transaction, the director now directly owns 47,861 shares in the company, valued at approximately $991,679.92. The disclosure for this sale can be found here. Corporate insiders own 2.68% of the company’s stock.

Several institutional investors have recently made changes to their positions in AKR. Centersquare Investment Management LLC purchased a new stake in shares of Acadia Realty Trust in the 1st quarter valued at $65,989,000. Prudential Financial Inc. boosted its stake in shares of Acadia Realty Trust by 1,081.4% in the 1st quarter. Prudential Financial Inc. now owns 1,584,677 shares of the real estate investment trust’s stock valued at $30,061,000 after purchasing an additional 1,450,539 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Acadia Realty Trust by 151.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,007,667 shares of the real estate investment trust’s stock valued at $22,128,000 after purchasing an additional 606,587 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Acadia Realty Trust by 2,082.1% in the 2nd quarter. Bank of Montreal Can now owns 496,971 shares of the real estate investment trust’s stock valued at $11,037,000 after purchasing an additional 474,196 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Acadia Realty Trust by 140.3% in the 2nd quarter. Morgan Stanley now owns 547,968 shares of the real estate investment trust’s stock valued at $12,033,000 after purchasing an additional 319,974 shares in the last quarter. 99.90% of the stock is owned by institutional investors.

Acadia Realty Trust Company Profile

Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate.

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Earnings History and Estimates for Acadia Realty Trust (NYSE:AKR)

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