Acadia Realty Trust(NYSE:AKR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $43.328M. Analysts estimated a revenue of $45.700M. The revenues were -5.19% below the estimates. Earnings per share were $0.39. The reported EPS was above estimates by 77.27%. Analysts had estimated an EPS of $0.22.
In a different note, On Dec 13, 2016, Citigroup said it Downgrades its rating on Acadia Realty Trust. The shares have been rated ‘Neutral’ by the firm.
Acadia Realty Trust (AKR) shares turned negative on Wednesdays trading session with the shares closing down -0.21 points or -0.65% at a volume of 2,89,915. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.58. The peak price level was also seen at $32.58 while the days lowest was $31.99. Finally the shares closed at $32.26. The 52-week high of the shares is $38.01 while the 52-week low is $30.9. According to the latest information available, the market cap of the company is $2,609 M.
Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Lee S Wielansky (director) sold 12,000 shares at $37.03 per share price.Also, On Aug 3, 2016, Joel L Braun (Executive Vice President) sold 22,000 shares at $37.60 per share price.On Jul 29, 2016, William T. Spitz (director) sold 10,000 shares at $37.25 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.