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

Acadia Realty Trust (NYSE:AKR) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.20 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st.

Acadia Realty Trust has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Acadia Realty Trust has a 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 $1.44 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 Trading Up 1.2%

NYSE:AKR traded up $0.24 on Thursday, hitting $20.77. 1,014,873 shares of the stock were exchanged, compared to its average volume of 1,055,530. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Acadia Realty Trust has a 52 week low of $16.98 and a 52 week high of $23.45. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 230.80, a P/E/G ratio of 2.06 and a beta of 1.14. The company’s 50-day moving average price is $20.58 and its 200 day moving average price is $20.07.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.28). Acadia Realty Trust had a return on equity of 0.49% and a net margin of 3.22%.The business had revenue of $104.77 million for the quarter, compared to analyst estimates of $92.19 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current year.

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.