NEW YORK (

TheStreet

) -- The ex-dividend date for

Acadia Realty

(NYSE:

AKR

) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $19.94 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for Acadia has been 323,900 shares per day over the past 30 days. Acadia has a market cap of $781.6 million and is part of the

financial

sector and

real estate

industry. Shares are up 7.5% year to date as of the close of trading on Monday.

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Acadia Realty Trust, a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties in the United States. The company has a P/E ratio of 34.6, above the average real estate industry P/E ratio of 9.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Acadia as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally poor debt management and disappointing return on equity. You can view the full

Acadia Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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