Acadia Stock To Go Ex-dividend Tomorrow (AKR) - TheStreet

NEW YORK (

TheStreet

) -- The ex-dividend date for

Acadia Realty

(NYSE:

AKR

) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $22.80 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Acadia has been 318,300 shares per day over the past 30 days. Acadia has a market cap of $998.8 million and is part of the

financial

sector and

real estate

industry. Shares are up 13% year to date as of the close of trading on Monday.

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 58.4, above the average real estate industry P/E ratio of 19.8 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 revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, 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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