Acadia Realty Trust (NYSE:AKR) Plans Quarterly Dividend of $0.20

Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Thursday, November 6th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.20 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st.

Acadia Realty Trust has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Acadia Realty Trust has a dividend payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Acadia Realty Trust to earn $1.44 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 55.6%.

Acadia Realty Trust Price Performance

AKR traded up $0.11 during trading on Friday, hitting $20.06. 492,141 shares of the stock traded hands, compared to its average volume of 1,320,719. The business has a 50 day moving average price of $19.79 and a 200 day moving average price of $19.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.05. Acadia Realty Trust has a twelve month low of $16.98 and a twelve month high of $26.29. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 167.14, a PEG ratio of 2.78 and a beta of 1.44.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $98.71 million during the quarter, compared to analysts’ expectations of $92.78 million. Acadia Realty Trust had a return on equity of 0.63% and a net margin of 4.21%.During the same quarter in the previous year, the firm earned $0.32 EPS. Acadia Realty Trust’s revenue was up 15.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.340 EPS. Equities research analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current fiscal year.

Institutional Trading of Acadia Realty Trust

Institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in shares of Acadia Realty Trust by 189.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,378 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 902 shares during the period. Osaic Holdings Inc. increased its holdings in Acadia Realty Trust by 32.8% in the second quarter. Osaic Holdings Inc. now owns 2,213 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 547 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Acadia Realty Trust in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Acadia Realty Trust by 342.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,309 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Acadia Realty Trust by 57.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 1,873 shares during the period. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

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.