Acadia Realty Trust (AKR): Robert Masters , Senior Vice President of Acadia Realty Trust sold 6,000 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $35.20 per share for a total value of $211,200.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 25, 2016, Douglas Ii Crocker (director) sold 3,000 shares at $33.12 per share price.On Feb 22, 2016, Kenneth F Bernstein (President and CEO) sold 36,000 shares at $33.47 per share price.Also, On Feb 17, 2016, Joseph Napolitano (Sr. Vice President) sold 5,941 shares at $33.01 per share price.On Feb 17, 2016, Christopher Conlon (Executive Vice President) sold 27,000 shares at $32.94 per share price.
Acadia Realty Trust: On Friday, May 6, 2016 heightened volatility was witnessed in Acadia Realty Trust which led to swings in the share price. The shares opened for trading at $35.2 and hit $35.52 on the upside , eventually ending the session at $35.51, with a gain of 0.71% or 0.25 points. The heightened volatility saw the trading volume jump to 3,98,684 shares. The 52-week high of the share price is $35.61 and the company has a market cap of $2,543 M . The 52-week low of the share price is at $28.34.
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.