Kenneth F. Bernstein Unloads 51,300 Shares of Acadia Realty Trust Stock (AKR)
Acadia Realty Trust (NYSE:AKR) CEO Kenneth F. Bernstein sold 51,300 shares of Acadia Realty Trust stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $28.41, for a total transaction of $1,457,433.00. Following the completion of the transaction, the chief executive officer now directly owns 340,327 shares in the company, valued at approximately $9,668,690. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at RBC Capital raised their price target on shares of Acadia Realty Trust from $32.00 to $33.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock.
Shares of Acadia Realty Trust (NYSE:AKR) traded up 1.66% during mid-day trading on Wednesday, hitting $28.72. The stock had a trading volume of 324,792 shares. Acadia Realty Trust has a 52 week low of $22.89 and a 52 week high of $28.93. The stock has a 50-day moving average of $28.40 and a 200-day moving average of $27.17. The company has a market cap of $1.704 billion and a P/E ratio of 29.46.
Acadia Realty Trust (NYSE:AKR) last released its earnings data on Tuesday, July 29th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. On average, analysts predict that Acadia Realty Trust will post $1.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, September 26th.
Acadia Realty Trust (NYSE:AKR) is a real estate investment trust (REIT).
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