Acadia Realty Trust (AKR) VP Sells $61,832.00 in Stock

Acadia Realty Trust (NYSE:AKR) VP Jason Blacksberg sold 2,096 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $29.50, for a total value of $61,832.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Acadia Realty Trust stock traded down $0.02 during midday trading on Friday, hitting $29.48. The company had a trading volume of 851,895 shares, compared to its average volume of 451,378. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.51 and a beta of 0.75. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70. Acadia Realty Trust has a 1-year low of $22.27 and a 1-year high of $29.82.

Acadia Realty Trust (NYSE:AKR) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.27). The company had revenue of $69.45 million during the quarter, compared to analyst estimates of $53.28 million. Acadia Realty Trust had a return on equity of 1.47% and a net margin of 11.95%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, research analysts forecast that Acadia Realty Trust will post 1.4 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Acadia Realty Trust by 1.8% in the fourth quarter. BlackRock Inc. now owns 14,350,231 shares of the real estate investment trust’s stock worth $340,961,000 after acquiring an additional 250,849 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Acadia Realty Trust by 10.0% in the third quarter. Deutsche Bank AG now owns 2,700,196 shares of the real estate investment trust’s stock worth $75,683,000 after acquiring an additional 244,834 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Acadia Realty Trust by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,322,778 shares of the real estate investment trust’s stock worth $37,075,000 after acquiring an additional 5,159 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Acadia Realty Trust by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 1,287,426 shares of the real estate investment trust’s stock worth $36,086,000 after acquiring an additional 9,092 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Acadia Realty Trust by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,080,435 shares of the real estate investment trust’s stock worth $25,671,000 after acquiring an additional 65,439 shares during the last quarter.

AKR has been the topic of several analyst reports. ValuEngine downgraded Acadia Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. Zacks Investment Research upgraded Acadia Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.33.

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About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

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