NEW YORK ( TheStreet) -- The ex-dividend date for Acadia Realty (NYSE: AKR) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $22.79 as of 9:30 a.m. ET, the dividend yield is 3.2%. The average volume for Acadia has been 288,100 shares per day over the past 30 days. Acadia has a market cap of $836.1 million and is part of the financial sector and real estate industry. Shares are up 12.5% year to date as of the close of trading on Tuesday. 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 46.1, above the average real estate industry P/E ratio of 10.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Acadia as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Acadia Ratings Report. See our dividend calendar or top-yielding stocks list.