Acadia Realty Trust SVP Jonathan William Grisham Sells 2,384 Shares (AKR)
Acadia Realty Trust (NYSE:AKR) SVP Jonathan William Grisham sold 2,384 shares of Acadia Realty Trust stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $27.96, for a total transaction of $66,656.64. Following the completion of the transaction, the senior vice president now directly owns 19,176 shares of the company’s stock, valued at approximately $536,161. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Acadia Realty Trust (NYSE:AKR) traded down 1.32% during mid-day trading on Tuesday, hitting $27.63. 153,928 shares of the company’s stock traded hands. Acadia Realty Trust has a 52-week low of $22.89 and a 52-week high of $28.58. The stock has a 50-day moving average of $27.39 and a 200-day moving average of $26.2. The company has a market cap of $1.585 billion and a price-to-earnings ratio of 30.37.
Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.32 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.32. On average, analysts predict that Acadia Realty Trust will post $1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Thursday, June 26th.
A number of research firms have recently commented on AKR. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Acadia Realty Trust in a research note on Tuesday, May 6th. They now have a $27.00 price target on the stock, down previously from $28.00. Analysts at Cowen and Company raised their price target on shares of Acadia Realty Trust from $25.00 to $27.50 in a research note on Tuesday, April 15th.
Acadia Realty Trust (NYSE:AKR) is a real estate investment trust (REIT).
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