Acadia Realty Trust (NYSE:AKR) VP Sells $114,000.00 in Stock

Acadia Realty Trust (NYSE:AKR) VP Jason Blacksberg sold 4,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $28.50, for a total transaction of $114,000.00. Following the sale, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $114,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jason Blacksberg also recently made the following trade(s):

  • On Friday, May 3rd, Jason Blacksberg sold 2,477 shares of Acadia Realty Trust stock. The shares were sold at an average price of $28.86, for a total transaction of $71,486.22.
  • On Monday, April 29th, Jason Blacksberg sold 1,897 shares of Acadia Realty Trust stock. The shares were sold at an average price of $28.51, for a total transaction of $54,083.47.
  • On Friday, February 15th, Jason Blacksberg sold 2,096 shares of Acadia Realty Trust stock. The shares were sold at an average price of $29.50, for a total transaction of $61,832.00.

Acadia Realty Trust stock opened at $28.54 on Friday. The stock has a market cap of $2.36 billion, a PE ratio of 21.14, a PEG ratio of 3.41 and a beta of 0.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72. Acadia Realty Trust has a one year low of $23.11 and a one year high of $29.82.

Acadia Realty Trust (NYSE:AKR) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.22). The firm had revenue of $74.80 million for the quarter, compared to the consensus estimate of $51.36 million. Acadia Realty Trust had a return on equity of 1.71% and a net margin of 13.17%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. Equities research analysts predict that Acadia Realty Trust will post 1.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.92%. Acadia Realty Trust’s dividend payout ratio is currently 82.96%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in Acadia Realty Trust in the 3rd quarter valued at about $3,397,000. Oregon Public Employees Retirement Fund acquired a new stake in Acadia Realty Trust in the 4th quarter valued at about $31,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Acadia Realty Trust by 8.4% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,192 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 1,100 shares during the last quarter. Honeywell International Inc. lifted its holdings in Acadia Realty Trust by 30.5% in the 1st quarter. Honeywell International Inc. now owns 67,970 shares of the real estate investment trust’s stock valued at $1,854,000 after acquiring an additional 15,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Acadia Realty Trust by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,287,426 shares of the real estate investment trust’s stock valued at $36,086,000 after acquiring an additional 9,092 shares during the last quarter.

Several research firms have recently commented on AKR. Zacks Investment Research upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday. ValuEngine upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th.

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Acadia Realty Trust Company Profile

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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