The stock of Acadia Realty Trust (NYSE:AKR) is a huge mover today! The stock decreased 1.37% or $0.48 on October 5, hitting $34.49. Acadia Realty Trust (NYSE:AKR) has risen 2.94% since March 2, 2016 and is uptrending. It has underperformed by 5.32% the S&P500.
The move comes after 5 months negative chart setup for the $2.77B company. It was reported on Oct, 6 by Barchart.com. We have $32.42 PT which if reached, will make NYSE:AKR worth $166.20 million less.
Analysts await Acadia Realty Trust (NYSE:AKR) to report earnings on November, 1. They expect $0.39 EPS, 0.00% or $0.00 from last year’s $0.39 per share. AKR’s profit will be $31.32 million for 22.11 P/E if the $0.39 EPS becomes a reality. After $0.37 actual EPS reported by Acadia Realty Trust for the previous quarter, Wall Street now forecasts 5.41% EPS growth.
Acadia Realty Trust (NYSE:AKR) Ratings Coverage
Out of 3 analysts covering Acadia Realty Trust (NYSE:AKR), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Acadia Realty Trust has been the topic of 3 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 12 by Citigroup. The rating was initiated by BTIG Research with “Neutral” on Thursday, August 25. As per Monday, November 9, the company rating was maintained by RBC Capital Markets.
According to Zacks Investment Research, “Acadia Realty Trust is a fully integrated, self-managed and self-administered equity REIT focused primarily on the ownership, acquisition, redevelopment and management of neighborhood and community shopping centers.”
Insitutional Activity: The institutional sentiment increased to 1.9 in Q2 2016. Its up 0.25, from 1.65 in 2016Q1. The ratio is positive, as 11 funds sold all Acadia Realty Trust shares owned while 41 reduced positions. 17 funds bought stakes while 82 increased positions. They now own 77.05 million shares or 4.65% more from 73.62 million shares in 2016Q1.
Morgan Stanley last reported 440,496 shares in the company. California Pub Employees Retirement Sys reported 155,228 shares or 0.01% of all its holdings. The New York-based Gerstein Fisher has invested 0.05% in Acadia Realty Trust (NYSE:AKR). Moreover, Mizuho And Limited has 0% invested in Acadia Realty Trust (NYSE:AKR) for 13,738 shares. Eii Cap Mngmt Incorporated accumulated 158,000 shares or 1.65% of the stock. Teachers Ins Annuity Association Of America reported 74,537 shares or 0.12% of all its holdings. Aperio Ltd last reported 22,711 shares in the company. Jennison Assoc Limited Liability Company has 0% invested in the company for 42,088 shares. Credit Agricole S A has invested 0% of its portfolio in Acadia Realty Trust (NYSE:AKR). Quadrant Mngmt Ltd Liability Corporation, a New Jersey-based fund reported 22,852 shares. Ftb last reported 0% of its portfolio in the stock. The Pennsylvania-based Susquehanna Interest Ltd Liability Partnership has invested 0% in Acadia Realty Trust (NYSE:AKR). Ubs Asset Management Americas Inc holds 115,543 shares or 0% of its portfolio. Fifth Third State Bank last reported 0% of its portfolio in the stock. Deutsche Comml Bank Ag holds 98,834 shares or 0% of its portfolio.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 6 insider sales for $2.40 million net activity. Shares for $11,170 were sold by LUSCOMBE WENDY W on Friday, May 6. $211,200 worth of Acadia Realty Trust (NYSE:AKR) shares were sold by MASTERS ROBERT. Spitz William T. sold $372,513 worth of Acadia Realty Trust (NYSE:AKR) on Thursday, July 28. BRAUN JOEL L also sold $827,240 worth of Acadia Realty Trust (NYSE:AKR) on Monday, August 1. Shares for $444,307 were sold by WIELANSKY LEE S. Another trade for 15,000 shares valued at $531,450 was made by Conlon Christopher on Thursday, May 5.
More notable recent Acadia Realty Trust (NYSE:AKR) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Acadia Realty Trust, Fulton Financial and Goldman Sachs BDC” on September 26, 2016, also Finance.Yahoo.com with their article: “Acadia Realty Trust to Announce Third Quarter 2016 Earnings on October 25, 2016” published on September 22, 2016, Businesswire.com published: “Acadia Realty Trust Provides Transaction & Earnings Update” on September 12, 2016. More interesting news about Acadia Realty Trust (NYSE:AKR) were released by: Businesswire.com and their article: “Acadia Realty Trust Names John Gottfried as Its Next CFO” published on April 18, 2016 as well as Businesswire.com‘s news article titled: “Acadia Realty Trust Acquires Additional Street-Retail Assets in San Francisco …” with publication date: December 04, 2015.
AKR Company Profile
Acadia Realty Trust, incorporated on March 4, 1993, is a real estate investment trust. The Firm is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States. The Company’s divisions include Core Portfolio, Funds and Structured Financing. The Firm conducts its activities through Acadia Realty Limited Partnership. The Company’s Core Portfolio consists primarily of street retail and urban assets, as well as suburban properties located in various trade areas. The Firm also makes investments in first mortgages, preferred equity and other notes receivable collateralized by real estate.
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