Acadia Realty Trust (NYSE:AKR) : Traders are bullish on Acadia Realty Trust (NYSE:AKR) as it has outperformed the S&P 500 by a wide margin of 5.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.09% in the last 1 week, and is up 7.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 17.46% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $36.72 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $34.41 and the 200 Day Moving Average price is recorded at $33.81.
The stock has recorded a 20-day Moving Average of 6.39% and the 50-Day Moving Average is 7.19%.
Acadia Realty Trust (NYSE:AKR): stock turned positive on Friday. Though the stock opened at $36.26, the bulls momentum made the stock top out at $36.72 level for the day. The stock recorded a low of $36.08 and closed the trading day at $36.66, in the green by 1.95%. The total traded volume for the day was 753,818. The stock had closed at $35.96 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Luscombe Wendy W, director of Acadia Realty Trust, had unloaded 315 shares at an average price of $35.46 in a transaction dated on May 6, 2016. The total value of the transaction was worth $11,170.
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.