Acadia Realty Trust EVP Unloads $373,620 in Stock (AKR)
Acadia Realty Trust (NYSE:AKR) EVP Christopher Conlon unloaded 13,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $28.74, for a total value of $373,620.00. The sale was disclosed in a filing with the SEC, 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 down 0.07% on Friday, hitting $28.75. The stock had a trading volume of 317,293 shares. Acadia Realty Trust has a 1-year low of $22.89 and a 1-year high of $29.08. The stock has a 50-day moving average of $28.42 and a 200-day moving average of $27.21. 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 (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Analysts expect that Acadia Realty Trust will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders 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 3.20%. 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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