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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.