Acadia Realty Trust (AKR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.41 EPS for the quarter. Analysts had a consensus estimate of $0.41. The company posted revenue of $52.70 million in the period, compared to analysts expectations of $41.65 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Acadia Realty Trust opened for trading at $33 and hit $33.46 on the upside on Friday, eventually ending the session at $33.44, with a gain of 1.70% or 0.56 points. The heightened volatility saw the trading volume jump to 4,60,126 shares. Company has a market cap of $2,356 M.
In a different news, on Feb 25, 2016, Douglas Ii Crocker (director) sold 3,000 shares at $33.12 per share price. According to the SEC, on Feb 22, 2016, Kenneth F Bernstein (President and CEO) sold 36,000 shares at $33.47 per share price. On Feb 17, 2016, Joseph Napolitano (Sr. Vice President) sold 5,941 shares at $33.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Acadia Realty Trust is a real estate investment trust (REIT). The Trust is focused on the ownership acquisition redevelopment and management of retail properties located in metropolitan areas in the United States. The Trusts Core Portfolio consists of street retail and urban assets as well as suburban properties located in high-barrier-to-entry densely-populated trade areas. It also makes investments in first mortgages preferred equity and other notes receivable collateralized by real estate (Structured Finance Program) either directly or through entities having an ownership interest therein. The Trust operates in three segments: Core Portfolio Funds and Structured Financing. All of the Trusts assets are held by and all of the Trusts operations are conducted through Acadia Realty Limited Partnership (the Operating Partnership) and entities in which the Operating Partnership owns an interest. The Trust has approximately 700 leases.