Acadia Realty Trust (NYSE: AKR) is one of 34 public companies in the “Retail REITs” industry, but how does it contrast to its peers? We will compare Acadia Realty Trust to similar businesses based on the strength of its dividends, institutional ownership, analyst recommendations, valuation, earnings, risk and profitability.
Earnings & Valuation
This table compares Acadia Realty Trust and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Acadia Realty Trust||$251.17 million||$140.01 million||45.66|
|Acadia Realty Trust Competitors||$711.68 million||$472.02 million||29.14|
Acadia Realty Trust’s peers have higher revenue and earnings than Acadia Realty Trust. Acadia Realty Trust is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Institutional & Insider Ownership
86.3% of shares of all “Retail REITs” companies are owned by institutional investors. 1.7% of Acadia Realty Trust shares are owned by company insiders. Comparatively, 11.3% of shares of all “Retail REITs” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
This table compares Acadia Realty Trust and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Acadia Realty Trust||23.63%||2.50%||1.37%|
|Acadia Realty Trust Competitors||21.35%||5.12%||2.89%|
This is a summary of current ratings for Acadia Realty Trust and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Acadia Realty Trust||0||1||3||0||2.75|
|Acadia Realty Trust Competitors||260||1206||1176||24||2.36|
Acadia Realty Trust currently has a consensus price target of $33.50, indicating a potential upside of 14.65%. As a group, “Retail REITs” companies have a potential upside of 14.90%. Given Acadia Realty Trust’s peers higher possible upside, analysts clearly believe Acadia Realty Trust has less favorable growth aspects than its peers.
Acadia Realty Trust pays an annual dividend of $1.04 per share and has a dividend yield of 3.6%. Acadia Realty Trust pays out 162.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Retail REITs” companies pay a dividend yield of 4.3% and pay out 144.1% of their earnings in the form of a dividend. Acadia Realty Trust has increased its dividend for 4 consecutive years. Acadia Realty Trust lags its peers as a dividend stock, given its lower dividend yield and higher payout ratio.
Volatility & Risk
Acadia Realty Trust has a beta of 0.59, suggesting that its share price is 41% less volatile than the S&P 500. Comparatively, Acadia Realty Trust’s peers have a beta of 0.66, suggesting that their average share price is 34% less volatile than the S&P 500.
Acadia Realty Trust peers beat Acadia Realty Trust on 11 of the 15 factors compared.
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. Funds holds primarily retail real estate in which it co-invests with institutional investors. Structured Financing consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds. As of December 31, 2016, it had ownership interests in 182 properties within its core portfolio. In the Core Portfolio segment, the Company owned an interest in a 311,000 square foot shopping center, a 28,000 square foot retail and an interest in an 87,000 square foot retail property, among others, as of December 31, 2016.
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