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

Acadia Realty Trust (NYSE:AKR) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, September 30th.

Acadia Realty Trust has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Acadia Realty Trust has a dividend payout ratio of 222.2% indicating that 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 $1.33 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 60.2%.

Acadia Realty Trust Price Performance

Shares of NYSE AKR traded down $0.89 during mid-day trading on Thursday, reaching $20.61. The company had a trading volume of 620,152 shares, compared to its average volume of 1,341,450. Acadia Realty Trust has a 1-year low of $18.14 and a 1-year high of $23.03. The stock has a market cap of $2.83 billion, a PE ratio of 60.46, a P/E/G ratio of 1.97 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $21.06.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $95.42 million during the quarter, compared to analysts’ expectations of $92.36 million. Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities analysts anticipate that Acadia Realty Trust will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Danske Bank A S boosted its position in shares of Acadia Realty Trust by 600.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,800 shares in the last quarter. Osaic Holdings Inc. grew its position 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 valued at $41,000 after acquiring an additional 547 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Acadia Realty Trust in the second quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its stake in shares of Acadia Realty Trust by 342.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 2,309 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Acadia Realty Trust by 62,000.0% during the 4th quarter. Covestor Ltd now owns 3,726 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,720 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.