Acadia Realty Trust Sets New 12-Month High at $29.08 (AKR)
Acadia Realty Trust (NYSE:AKR)’s share price reached a new 52-week high during mid-day trading on Friday , American Banking and Market News reports. The company traded as high as $29.08 and last traded at $28.69, with a volume of 128,077 shares traded. The stock had previously closed at $28.77.
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.
The stock has a 50-day moving average of $28.41 and a 200-day moving average of $27.18. The company has a market cap of $1.705 billion and a price-to-earnings ratio of 30.00.
Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, July 29th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 3.21%. The ex-dividend date of this dividend is Friday, September 26th.
In other Acadia Realty Trust news, CEO Kenneth F. Bernstein sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $28.40, for a total value of $2,840,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Acadia Realty Trust (NYSE:AKR) is a real estate investment trust (REIT).
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