Acadia Realty Trust (AKR) : During the past 4 weeks, traders have been relatively bearish on Acadia Realty Trust (AKR), hence the stock is down -1.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.49% relative to the S&P 500. The 4-week change in the price of the stock is -0.52% and the stock has fallen -0.44% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.04% and the 50-Day Moving Average is 2.44%. Acadia Realty Trust (NYSE:AKR): stock turned positive on Friday. Though the stock opened at $36.57, the bulls momentum made the stock top out at $36.84 level for the day. The stock recorded a low of $36.35 and closed the trading day at $36.44, in the green by 0.11%. The total traded volume for the day was 629,861. The stock had closed at $36.4 in the previous days trading.
The company Insiders own 2.22% of Acadia Realty Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.42% . Institutional Investors own 99.15% of Acadia Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -22.61%. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Acadia Realty Trust (NYSE:AKR). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $40.5 per share to $41.5 per share. The rating by the firm was issued on August 12, 2016.
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.